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
Dintakurthi Tirumala
(Expert)
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
Taranjit Singh
(Expert)
06 December 2012
It will be Capitalised.
Depreciation Rate @15% under Plant & Machinery..
Depreciation Rate @15% under Plant & Machinery..
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Tax on Amount transferred in HUF Account
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
