Dear friends,
A Company has taken a building on rent. The building is owned by the director of the company.The company has incurred renovation expenses. Whether the Company can treat it as revenue expenditure or capital expenditure.
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Renovation expenses on a rented building
Replies (2)
revenue expenditure
Sir,
I think it is a capital expenditure, you have to account total expenses equally in total number of years of lease , because the said expenses is not for the same year revenue .
At the end amount of expenditure also important.
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