Analyse and advice. In a cold country, a hotel changes its carpet every year. Whether such expense is Capital or Revenue?

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Posted by:
Robin George
25-October-2016

Whether accounting of such expenses be in the nature of Capital or Revenue.

Accounting Analytical Skills

Question ajoutée par Dibey Thomas , Auditor , Talal Abu Ghazaleh & Co International
Date de publication: 2016/01/21

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par Nida Afreen , Senior Business & Operations Manager , Eeze Airport Services

it is Revenue expenditure since its from the normal course of business

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par Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation

It is a Revenue Expenses as the life time of the carpet is only one year. If it is used more than one year, it must be recorded as Capital Expenditure...

Hope you understand...

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par Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

I agree with Nida Afreen Assistant Manager.

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Analyse and advice. In a cold country, a hotel changes its carpet every year. Whether such expense is Capital or Revenue?

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