Menu
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 ?
Replies (2)
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.
Recent Topic
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
- Sec 54 exemption
Related Topics
CAclubindia
