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tangible non current asset

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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August 1, 2017 at 2:02 pm #399839
abcz1234
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when a company acquires new non current asset and has bought spare parts for NCA. is spare parts treated capital or revenue expenditure?
August 1, 2017 at 4:03 pm #399869
John Moffat
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They will be treated as revenue expenditure and recorded as inventory until they are used.
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