Capitalization of repairs
This query is : Resolved
21 February 2013
Sir,
kindly tell me that when should the repairs should be capitalized?
what criteria must it satisfy to be capitalized?
kindly tell me that when should the repairs should be capitalized?
what criteria must it satisfy to be capitalized?
22 February 2013
The repairs should expect to give future economic benefits (for example, by way of increase in capacity or life of asset). Only then, these are capitalised, not otherwise.
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