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Capitalisation of expenses

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(Querist)
15 June 2014 SUPPOSE A TRAILER HIRING COMPANY SPENDS RS. 2,00,000/- OR MORE IN REPLACING THERE TYRE OF THE TRAILERS CAN IT BE CAPITALISED ON THAT PARTICULAR TRAILER
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 June 2014 does this company keeps the trailer for more than a year? if not, then expense it out.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 June 2014 only if there is increase in the performance compared to prev assessed performance or to maintain the same efficicieny of performance.
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Rupesh Jain

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Rupesh Jain (Expert)
16 June 2014 it is running exp of that vehicle . charge to profit and loss a/c
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 June 2014 Rupesh Bhai, running expense include petrol, oil, driver's salary et cetc..engine, tyres etc are not running expense but capital items
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