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Capital expenditures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Capital expenditures

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • December 7, 2020 at 6:50 pm #598177
    applessauce
    Member
    • Topics: 85
    • Replies: 65
    • ☆☆

    Sir I have the following doubts

    Sir is maintainence cost considered a revenue expenditure
    And is repair cost considered also a revenue exoendityre

    Are both the terms essentially the same thing??

    Also what exactly is the difference between a repair and refurnishment

    Because refurnishment could be making a building look like as if it was in the original state and repair also can mean making broken stuff look like in the original state

    December 8, 2020 at 8:54 am #598322
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    They are effectively the same thing and both are revenue expenditure.

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