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Is repair of fixed assets capital expenditure or revenue expenditure?
Dova Shaji
CA Inter
★ 520
14-Dec-22 18:58
360
Answers (2)
Best Answer
Revenue in most cases.. However , there is major repair , which results future economic benefits of the assets, it is capitalised
Sajeetha R
CA Final
★ 46K+
14-Dec-22 19:06
Major repairs which increases benefits and efficiency is capital expenditure. Minor repairs for day-day activity is revenue expenditure
Shankari C
★ 12K+
14-Dec-22 20:07
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