IAS 16

Yes, so long as it improves / increases the production capacity. If it's merely a replacement / repair then, no, it's not available to be capitalised OK?

I got that sir. How about the cost of replacing a component of an item of PPE?

Is that not what my previous post answered? "If it’s merely a replacement / repair then, no, it’s not available to be capitalised"

I get it now. Thanks a lot

You're welcome

Mr MikeLittle, even though I have already passed F7, I still enjoy reading your responses. I think this is reason why I passed F7! I would still use this principle on capitalising cost at F8 when I am testing assertions on full substantive testing.

That's the way Iwitiko - onwards and upwards ;-)