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Capital and revenue expense

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(Querist)
08 May 2018 Whether the following are capital or revenue expenditure
i) Paint of name of the company on machine.
ii) Repairs made to replace bolts which had dislodged during transit.
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RAJA P M

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RAJA P M (Expert)
09 May 2018 As per my view., It ll be account under Expenditure head.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
09 May 2018 By writing a name on the existing running Machine, no extra capacity or benefit as regards the use has been achieved. Its a Reveue Expenditure. But if the name has been painted before the machine is put to use - it has to be capitalised.
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The replacement of bolts has been made prior to the machine is put to use and on this ground the said expenditure has to be capitalised.
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