17 April 2018
Without any reference to the amount, if the recognition criteria of Ind as 16 or As 10 revised, is satisfied then you need to capitalize. Otherwise charge it to P & L. Ind as 16 says The cost of an item of PPE shall be recognize as an asset if, and only if: It is probable that future economic benefit associated with the items will flow the entity; and The cost of the item can be measured reliably. If both the condition above are satisfied, then capitalize.
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