Login

Remember

Register

Register Free
Q&A
Hot!
Unanswered
Tags
Users
Ask a Question
IFRSs
FAQ

can building painting capitalized and depreciated

asked Jan 10, 2016 in General IFRS Discussion by anonymous

painting amount is a material amount and frequency of painting once in three years .if it is charged to p/l will impact the profits

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 like 0 dislike

answered Jan 10, 2016 by Visio Level 5 Member (29.1k points)

Painting is simply maintenance work. If you are painting for the first time, then you can capitalize it.

Please log in or register to add a comment.

Related questions

3 answers

Non current assets held for sale can be depreciated according to any of the three methods of depreciation

asked May 12, 2018 in General IFRS Discussion by anonymous

ifrs5

1 answer

please can you explain more for me about the development and research expenses under the ifrs . thank you

asked Apr 10, 2018 in General IFRS Discussion by yamen

cash generating units

1 answer

Can we revalue opening stock on annual basis for better comparability and proper reporting?

asked Oct 1, 2017 in General IFRS Discussion by anonymous

1 answer

Can I capitalize an additional cost to a fully depreciated asset?

asked May 29, 2017 in IAS 16 - Property, Plant and Equipment by anonymous

fixed-assets
depreciation
ppe

1 answer

can production development costs for new products be capitalized

asked Apr 3, 2017 in IAS 38 - Intangible Assets by anonymous

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories

All categories
IFRS Accounting Q&A (708)
US GAAP Accounting Q&A (13)
General Accounting Q&A (24)

Send feedback
Privacy
Contact

Snow Theme by Q2A Market

Powered by Question2Answer

...