INTERNAL HARD DISK 160 GB PURCHASE FOR COMPUTER BY PARTY
IS IT CAPITAL EXPENDITURE OR REVENUE EXPENDITURE????????
REPLY ME FAST....................
CA SAGAR K. GARG (CHARTERED ACCOUNTANT) (37 Points)
21 August 2012INTERNAL HARD DISK 160 GB PURCHASE FOR COMPUTER BY PARTY
IS IT CAPITAL EXPENDITURE OR REVENUE EXPENDITURE????????
REPLY ME FAST....................
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 21 August 2012
Its capital expenditure..because it will form part of Block of computers
ramcharan
(articled assistent)
(367 Points)
Replied 12 September 2012
As per AS-10 thae expenditure can only be capitalised when the expenditure increases the life of the asset beyond the life of asset
Bhaskar Unnikrishnan CPA CMA
(Accounts / Administration)
(414 Points)
Replied 12 September 2012
Hi Ramcharan, I think the priciple allows to capitalize the expenditure when it increase the efficiency of fixed asset as well (Not only Life).
ramcharan
(articled assistent)
(367 Points)
Replied 12 September 2012
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