If tiles are purchased for a building which is under construction, then the same is to be included with the cost of building and capitalized. (capital expenditure)
if it's done to refurbish or to renovate an existing building the same can be treated as expense (revenue expenditure)
If it is for new building then capitalize it (asset). and if purchased for existing building then expenditure if after repairs the life of building is not increased.
CAclubindia
