are legal expenses to defend a suit claiming that firm's factory site belongs to plantiff capital or revenue expenditure?
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Capital or revenue expenditure
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In my opinion its " Revenue Expenditure " , please confirm with others also .
i referred to two different books and one claims it's a capital expenditure while other claims it's revenue expenditure. why's that so
Revenue expenditure as it is incurred to maintain the ownership of capital assets. If same would incurred to acquire the ownership of capital assets in that case it would be capital expenditure.
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