Question

A machine was purchased in Bihar by Sangram. During transit the machine was damaged and the cost of repairs incurred is Rs.20,000. This expense is treated as:

1 point

Capital Expense

Revenue Expense

Deferred Revenue Expense

None of these

Clear selection​

Answer 1

Answer:

it is capital expenditure

Explanation:

during purchases any expenditure incurred along with that purchases should be added with the cost of purchases