Capitalize or Expense out?

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Capitalize or Expense out?

Farooq.authorities
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#4

03-17-2011, 09:07 PM

it will be revenue expenditure coz the the LCD has broken by conduct of the user..
it can not be treated as compulsory payment like TAX, Import Duty etc..

other side of coin is, if the price of new LCD exceeds its previous one the exceed amount will be treated as capital expenditure coz it can be recoverable by resell the Laptop.

Any query must reply.
Regards,
M.Farooq Rehmani.
(CA-inter)

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Capitalize or Expense out? - by human - 03-07-2011, 02:06 PM

[No subject] - by danishayub_76 - 03-07-2011, 02:44 PM

[No subject] - by bilalfca - 03-16-2011, 02:27 AM

[No subject] - by Farooq.authorities - 03-17-2011, 09:07 PM

[No subject] - by bilalfca - 04-12-2011, 03:19 AM

[No subject] - by noor4794 - 04-13-2011, 08:50 PM

[No subject] - by Dard - 04-14-2011, 12:37 AM

[No subject] - by basit_namdar - 04-14-2011, 01:58 AM

[No subject] - by Dard - 04-14-2011, 02:51 AM

[No subject] - by basit_namdar - 04-14-2011, 03:01 AM

[No subject] - by basit_namdar - 04-14-2011, 03:09 AM

[No subject] - by bilalfca - 04-14-2011, 05:34 AM

[No subject] - by kamranACA - 04-14-2011, 08:22 PM