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What kind of expense can be capitalized from the following please explain?

1- Periodic maintenance

2- General repairs

3- Extra ordinary repairs

4- Enhancement to current items

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تم إضافة السؤال من قبل Bilal Khan , Senior Tax Accountant , Finvesco Limited
تاريخ النشر: 2015/08/09
nfor clarisse
من قبل nfor clarisse

first of all i need a visa and i where can stay so in this case what are my going to do and i really need this job,

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

Enhancement to current items is the correct answer 

Thanks 

 

Yogesh Kulkarni
من قبل Yogesh Kulkarni , business developer , Amplus Energy Solutions Pvt Ltd

It is 4. Enhancement to current items which can be capitalized by amending the existing asset value of that item. Rest all are routine expenses and will go in expenses.

Radouane Mansour billah
من قبل Radouane Mansour billah , operation control manger , Arabbank plc casablanca

With enhancements to current items you add a fixed value to asset and go on you increase capital.

Thanks

Zulekha Zubair
من قبل Zulekha Zubair , Senior Consultant , KPMG Taseer Hadi

Enhancements to current items are capitalised as per the IFRS, since it increases the capacity of the item. 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

4- Enhancement to current items. All additional cost  that are incurred in ensuring the maintenance and usage of the assets will be treated as expense in the profit and loss account. However any cost that contribute to the enhancement, or improving the production capacity of an asset will be capitalised as part of the cost of the asset.

Saidul Alam
من قبل Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Answer4 is correct.............

Felizardo Sanchez Jr.
من قبل Felizardo Sanchez Jr. , Maintenance and Facility Head , Gulf Crafts

Usually we do CAPAEX in replacement or acquisition of new equipment, new buildings, new facilities, and new business venture. But with your question we need CAPEX on number2-General Repairs.

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