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False ceiling work - wheather to capitalize or treat as expenditure

This query is : Resolved 

26 August 2022 hello sir,
Government given an old building to a society for residential school purpose for which the concern school made renovation which includes false ceiling in the dormitory.
can we capitalize it or it can be treated as expense?

26 August 2022 You can capitalize it.

27 August 2022 @dhirajlalrambhia Sir, can you support the statement with the reason.

27 August 2022 Its not repairs or routine job. Based on its life span, it should be capitalized.


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