Depreciation
This query is : Resolved
05 September 2015
In the rented premises expenditure has been incurred on renovation like flooring, electrical work, plumbing etc.
The amount is not re imbursible from landlord.
In this case the expenditure should be capitalised ?
The amount is not re imbursible from landlord.
In this case the expenditure should be capitalised ?
05 September 2015
No need to capitalize, since improvements done by tenant on rented premises is revenue expenditure.
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