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Warranty shall be capitalized or not

This query is : Resolved 
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(Querist)
25 March 2012 Hi,

Warranty on CAPEX items shall be capitalized or not.

If no why and if yes how.

Thanks in advance.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
26 March 2012 You should understand what is warranty. It is assurance against a product that in such a period if any thing goes wrong the company shall make it good. In case there is nothing happening to the product how you can capitalise it? Is there any new assets generated out of warranty if yes then yes if no then NO
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