Capital exp. or revenue exp.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2014
Purchase of Air Conditioner for Motor car weather it should be capitalized or Charged as Revenue.
20 December 2014
if it increases the life of motor car beyond the previous standard assessment then capitalise it else expense it in profit and loss a/c
20 December 2014
it is replacement of old ac then you have to expenses off.
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