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Capital expenditure

This topic has 3 replies, 3 voices, and was last updated 2 years ago by John Moffat.

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April 3, 2022 at 4:26 pm #652642
sainikmishra4
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Is alteration to property capitalized or not ? If yes Why ?
Also if anything extra that u think may come in exam in case of capital or revenue expenditure to be asked please refer ..
April 4, 2022 at 12:20 pm #652692
John Moffat
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- Topics: 57
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If there is an improvement, then it is capital expenditure.
If it is repair or redecoration, then it is revenue expenditure.
April 4, 2022 at 1:03 pm #652701
richieakins15
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- Topics: 10
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What is alteration to property sir?
April 5, 2022 at 8:55 am #652724
John Moffat
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- Topics: 57
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Capital expenditure (on the assumption that it is improving it).
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