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Capitalization of expenses

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(Querist)
28 August 2013 Dear Experts,

A hospital renovate its ground floor into parking area, pastly it was used for
consultation area. for this renovation it incurred lakhs of amount in a year. total amount was debited to P&L A/C by the accountant. Is it correct?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 August 2013 Revenue expenditure, Reasons are-
i) no enduring benefit.
ii) no new asset is generated.
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A.JAGADEEP

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A.JAGADEEP (Querist)
28 August 2013 Thnnq sir
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