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Purchase of parts of machinery

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1359 Points Joined October 2021
does purchase of parts of machinery is capital expenditure ?
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On 09 June 2022 at 22:25 Report
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81 Points Joined February 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.
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On 10 June 2022 at 01:42
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Profession Business
28196 Points Joined May 2017
If the quantum of the expenditure it can be used for amortizing a part of the cost of capital expenditure.
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On 11 June 2022 at 09:39
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Chartered Accountant
86505 Points Joined April 2011
Same is capital expenses and need to show as fixed assets.
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On 16 June 2022 at 08:23

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