Q12. Amount spent to put second
hand machinery in working condition
is: *
O
(a) Revenue expenditure
(b) Deferred revenue expenditure
(c) Capital expenditure
0 (d) None of the above
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Answer:
answer is D
Explanation:
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Answered by
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Answer:
Cost of repair to second-hand assets: Repair is a revenue expenditure. But the cost of repair after buying a second-hand asset to bring them into proper working condition is treated as Capital Expenditure.
Explanation:
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