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Revenue expenditure or capital expenditure

AS 550 views 1 replies

One UPS Purchased in last finacial year 11-12 and installed ia retail store and capitalised in the books. Now there is repair required which cost Rs.8000/- whether it will be revenue expenditure or capital expenditure.

Replies (1)
Anything which will increase the working capacity of the asset has to be capitalized irrespective of the amount spent... Plz check the nature of the expenses...


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