Revenue or capital exp.
This query is : Resolved
20 November 2014
Windows 8 purchased for Rs. 90,000 (qty-10) should be capitalised or treated as revenue expenditure? If capital then as per which AS?
20 November 2014
since the efficiency shall be increased and there will be increased performance compared to assessed standard of performance so it should be capitalised as per as26 on intangible assest
Rupesh Jain
(Expert)
22 November 2014
YOU CAN CAPITALIZED AND TAKE DEPRECIATION UNDER INTEGIBLE ASSETS
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