Register now or log in to join your professional community.
The major repairs for an asset that are ear-marked for sale or replacement will be treated as an expenditure of capital nature.
When expenses of revenue nature is spent on erection of new plant and machinery like wages , carriage inward , raw material used , or advertising of new product will be treated as capital expenditure :)
When the goods are used as personal assets of the company for example
company selling cars
used a car for manager utility