Depreciation


This query is : Resolved 

31 January 2013 Pls. give answer to the following:-

A machinery is purchased to install in the workshop but the building's gate was very small so it was broken in order to install the machinery. Now the question is whether the cost incurred to reconstruct the bulding's gate will be capitalised or expensed.

kunal (Expert)
31 January 2013 in my view it should be written off in that year.


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