Building expenses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 November 2013 please answer this question.ASAP

if we make renovation and decoration for the building.generaly building is asset.if we make any renovation like paint,carpenter work,sanitary, fixed a floor tiles, ele fittings ,etc.those all expenses are added to capital account or building are not

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 November 2013 As per AS-10 only those exp which increases the future earning capacity beyond the previously assessed performance or which increase its useful life then nlyit should be caitalise.

In your case it needs to be debited to P & L.

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