Layer Birds in poultry business - Revenue Exp or Assets to claim depreciation
This query is : Resolved
08 August 2021
Can we claim purchase of layer birds in poultry for producing eggs as Revenue Expenditure or Capital Expenditure?. (normally span of production is 210 days, after that birds will be sold)
In case we purchased birds in the middle of the year then we need to claim expenditure on the basis of life of livestock?
In case we purchased birds in the middle of the year then we need to claim expenditure on the basis of life of livestock?
08 August 2021
The span of production is less than one year, hence claim it as revenue expenditure. In case of middle year purchase also claim it as revenue expenditure.
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