suppose mobile phones are shown as Fixed Assets in a company but afterwards usb cables or charger is purchased then should we capitalise them also ,or we should book book them in p/l ?
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Capitalisation of assets
Replies (4)
They should be treated as revenue items as they are sperate from mobile phone
Book them in P/L as they are revenue items
P&L item
we should capitalize only if such expenditure enhances the revenue generating capacity of that asset.
so treat it as a revenue expense.
so treat it as a revenue expense.
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