Accounting of fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2013
We are using Lift for movement of goods in factory. The Path from gate to Lift is not suitable for movement of Pallet trollies. So a new path is construct for better movement of Pallet trollies of goods from gate to lift. whether this expenditure is capital in nature or treat as revenue expenditure. Approximate cost of this Constuction is Rs 40000
If capital exp should it treat as addition to building or if revenue exp then treat as repair of building.
Please suggest.
Regards:
Prateek
If capital exp should it treat as addition to building or if revenue exp then treat as repair of building.
Please suggest.
Regards:
Prateek
CA UMESH DULAL
(Expert)
22 July 2013
capitalized the amount
CA UMESH DULAL
(Expert)
22 July 2013
if it is made with in building you may take as addition to building
other wise create separate assets
other wise create separate assets
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