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)
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.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
