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If a plant and machinery is repaired
if a plant and machinery is repaired after being fully distroyed (means if firm doesn't repair it . it will no longer to be in use ) so does this repairing cost is capitalized ?
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Quick Summary
Same is capitalised
The repairing cost is being used to salvage the asset . Hence it has to be capitalized. Many a times such cost is being amortized and capitalized.
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