Depreciation as per companies act


(Querist)
11 February 2019
OUR ORGANIZATION HAS STAFF QUARTERS THEY ARE MAKING CONTRIBUTION TO THE QUARTER'S MAJOR REPAIR FUND MY QUERY IS THAT CONTRIBUTION NEED TO BE CAPITALISED TO BUILDING UNDER FIXED ASSET AND CLAIM DEPRECIATION OR BOOK IT AS EXPENSE UNDER P/L REPAIR & MAINTENANCE??



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