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advanced accounting

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(Querist)
04 February 2009 hello sir/madam,
may i know that if we trasfer one heavy macinery already installed(a capital item)from one location to another location in the same factory premises, and a sum of rs 5 lacs is incurred for this trasfer , then whether this sum would be treated as revenue expense or a capital expense?
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vipin

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vipin (Expert)
04 February 2009 it will be treated as revenue expenditure since it will not increase the life of the machinery as per as-10 fixed assets

if it increase the life of machine it can be treated as capital expenditure as per as-10

rds
cavipingarg
partner
KVR&CO
B-2/1,Ashish Complex,LSC
New Rajdhani Enclave,
Vikas Marg,Delhi-110092
kvrco@in.com
Tax,Assurance,Consultancy,ROC/STPI
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