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capitalisation

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(Querist)
26 March 2009 is monitor purchased for computer is to be capitalised or not

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Vanita Rathi

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Vanita Rathi (Expert)
26 March 2009 Yes it is to be capitalised. It is adding to the value of an asset and not mere maintenance activity.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
26 March 2009 i dont think it should be capitalised...
cause i believe it will be mere replacement of old monitor with the new one...
and capitalization needs to be done when the improvement or repairs increases the future benefits from the fixed assets...
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