depreciation

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dileep (Querist)
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29 May 2008 i purchased a new machinery for Rs200000 and company gave a 1yr warranty.After 6months due to some technical problem machine got repaired and co. replace some spare parts and raised a invoice forRs50000 and on that invoice mentioned free of cost.my query is whether i should capitalize this extra 50000 also even though i not paid any amount.

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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29 May 2008 no, this amount is not paid by you so it is not capital exp of your co.

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