1-Damage of solar panel by bl monkey accounting treatment
2 does repairing of this solar panel is capital expenditure
note - solar panel is fully damaged
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Damage of solar panel by monkey
Replies (3)
Quick Summary
If repairs are not to be done then transfer asset to asset write off account in pl.
Repairs done will be of revenue nature
If repairs done after writing off then repairs will be capitalised. This however is not recommended.
Repairs done will be of revenue nature
If repairs done after writing off then repairs will be capitalised. This however is not recommended.
If this repair will increase the life of the solar panels then treat as capital expenditure.
Due to damages by monkey the panels are not working now the firm have two option either reparing or sell it as scarp so does this repair is capitalised or not
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