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Accounting of fixed assets

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Querist : Anonymous

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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
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
22 July 2013 capitalized the amount
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CA UMESH DULAL

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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
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