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Financial Statements – With Adjustments — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements – With Adjustments1 Mark
Question
Repairs to second hand machinery before it is put to use are capitalised.
✓

Answer

True.
Reason: All expenses incurred on an asset before it is put to use are capital expenditure.

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