Capital exp. or revenue exp.?
This query is : Resolved
20 February 2013
Whether purchase of ink for the printer which is used to print serial no. on finished goods should be capitalized or treated as revenue exp.?
The printer is treated as machinery due its use in manufacture process.
The printer is treated as machinery due its use in manufacture process.
20 February 2013
It is revenue expenditure...
20 February 2013
Thank u so much :-)
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