Repairs to Asset

sayali patil (Associate Manager) (33 Points)

17 May 2011  

Our company had capitalised tables in the books of accounts before 5 years. Now the table tops needs to be changed and hence we are repalcing these table tops with new one.

We have around 600 tables in the company of which table tops will be changed. Please let me know whether we need to capiyalise the expenses incurred on this or it will be trated as a revenue item and will be charged to P&L.