State with reasons whether following are Capital or Revenue Expenditures: (i) Custom duty
Channel: Doubtnut
Date: 29/03/2020

State with reasons whether following are Capital or Revenue Expenditures: (i) Custom duty paid on import of a machinery. (ii) Wages paid in connection with the erection of a new machinery. (iii) Rs 5,000 spent on repainting the factory. (iv) Repairs for Rs 2,000 necessitated by negligence of an operator of machine. (v) Rs 10,000 paid for electricity bill