A major structural renovation converts an ordinary classroom block into a modern laboratory and substantially increases...
Type: MCQ • Marks: 1
A major structural renovation converts an ordinary classroom block into a modern laboratory and substantially increases its functional capacity The expenditure is:
Options
A. Necessarily revenue
B. Potentially capital, subject to applicable accounting rules
C. Always a capital receipt
D. Salary expenditure
Explanation
Significant enhancement of an existing asset can have capital character.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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