Installation exp and shifting exp of AC copper pipe
This query is : Resolved
05 December 2024
If office has been shifted and old AC are also shifted, copper pipe purchased for reinstalling AC are to be capitalized?
Dhirajlal Rambhia
(Expert)
05 December 2024
Many organizations have a specific cost threshold for capitalizing assets. If the cost of the copper pipes exceeds this threshold, they can be capitalized. Or If the cost of the copper pipes is material to the overall cost of the AC system or the organization's financial statements, they should be capitalized.
However, if the copper pipes are considered a minor repair or maintenance expense, they can be expensed.
However, if the copper pipes are considered a minor repair or maintenance expense, they can be expensed.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS on purchase of under construction property from a reseller
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
