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Expenditures

This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.

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September 3, 2021 at 2:10 pm #634152
maximus07
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Please help me classify these two expenditures into capital and revenue.
(A) A car bought and we immediately painted. What is painting expenditure classified as?
(B) We paint business logo on a car or signwriting on a car. Which expenditure it is?
September 3, 2021 at 4:46 pm #634174
John Moffat
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They are both capital expenditure.
(With (A) if we bought a car and then repainted it several years later, then the repainting would be revenue expenditure.)
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