Hi,
Whether 1st year premium on insurance of Plant & Machinery is capital or revenue expenditure?
1st year insurance premium is paid before the Plant is put to use. How ever it is a recurring and normal operating expenditure.
Hi,
Whether 1st year premium on insurance of Plant & Machinery is capital or revenue expenditure?
1st year insurance premium is paid before the Plant is put to use. How ever it is a recurring and normal operating expenditure.