Repairs & maint
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2015
My factory is old by 15 year. Now i had did repairs & maintence exps Rs.10 lcas I want to expenses out this instead of capitalised Can i do ?
15 March 2015
The test to be applied to decide whether it should be capitalized or charged to PL in a case like this is whether it will enhance the useful life of the asset concerned.
Depends on the nature of Repair & maintenance.
Depends on the nature of Repair & maintenance.
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