Capital expenditure
This query is : Resolved
vikasagarwal
(Querist)
25 February 2014
Their is existing steam pipeline forming the integral part of turbine and boilers.
Now it is needed to be replace with new and redesigned pipelines that reduces the stopage of boilers and turbines by reducing the steam leakage.
wheather this is capital exp.
Now it is needed to be replace with new and redesigned pipelines that reduces the stopage of boilers and turbines by reducing the steam leakage.
wheather this is capital exp.
CA Parul Saxena
(Expert)
25 February 2014
Depends on the nature of the business and value of the pipe
vikasagarwal
(Querist)
25 February 2014
Existing pipeline is capitalised with boilers and turbines not capitalised seperately in books.
New pipelines replacing cost is generally huge.
New pipelines replacing cost is generally huge.
CA Parul Saxena
(Expert)
25 February 2014
if the amount is material then it would be treated as capital expenditure
vikasagarwal
(Querist)
25 February 2014
but as per AS 10 amount of exp is immaterial
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