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Capital & revenue expenditure

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2015 Hi all,
my query is there is an Fixed Asset of which estimated life is already lapsed now the mgt has put extra spare parts (2nd hand) in that machine on which substantial amt is spend, now the question is whether this amt will get capitalized or charge to revenue as expense???
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
24 December 2015 It will be capitalized to the plant & machinery.
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