Purchase of parts of machinery
Atharv Sankliya (1359 Points)
09 June 2022
does purchase of parts of machinery is capital expenditure ?
3 Replies
Aanchal Aggarwal
(76 Points)
Replied 10 June 2022
Hi!
if the purchasing increases the productivity of the asset it can be treated as capital otherwise regular spare parts are revenue in nature.
if the purchasing increases the productivity of the asset it can be treated as capital otherwise regular spare parts are revenue in nature.
sabyasachi mukherjee
(27864 Points)
Replied 11 June 2022
If the quantum of the expenditure it can be used for amortizing a part of the cost of capital expenditure.
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 16 June 2022
Same is capital expenses and need to show as fixed assets.
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