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Revenue or capital

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Querist : Anonymous

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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
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Dintakurthi Tirumala

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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
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Taranjit Singh

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Taranjit Singh (Expert)
06 December 2012 It will be Capitalised.

Depreciation Rate @15% under Plant & Machinery..




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