Revenue or capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2012
fire extinguisher purchased should be capital or revenue exp???
if captal then at what rate it should be depriciated
if captal then at what rate it should be depriciated
06 December 2012
It will be capitalise. And the depreciation rate is as like as plant & machinery rates.
Maintenance charges incurring for fire extinguisher after the purchase i.e like refilling charges etc... will be revenue expenses.
OM SAI SRI SAI JAI JAI SAI
Maintenance charges incurring for fire extinguisher after the purchase i.e like refilling charges etc... will be revenue expenses.
OM SAI SRI SAI JAI JAI SAI
06 December 2012
It will be Capitalised.
Depreciation Rate @15% under Plant & Machinery..
Depreciation Rate @15% under Plant & Machinery..
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