Improvements to Playground in a school run by a trust - is this to be capitalised as additions to building
6 Replies
Dipesh Jha
(PRACTICE )
(673 Points)
Replied 25 June 2019
depends upon nature and amount of expnditureš
Mehta Jay
(6 Points)
Replied 25 June 2019
in my opinion if it increase the efficiency that if it can give some extraordinary returns through it , it is to be capitalized subject to as opinion provided by dipesh jha sir
R Anand
(proprietrix)
(32 Points)
Replied 26 June 2019
This involves major additions which justify capitalisation but my question is will it come under building
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7554 Points)
Replied 26 June 2019
yes. It will appreciate buildings value
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