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Renuvation is a capital or revenue expenditure?why?
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Renuvation is a capital or revenue expenditure?why?
Renovations and expenses that extend the useful life of your property or improve it beyond its original condition are usually capital expenses. However, an increase in a property's market value because of an expense is not a major factor in deciding whether the expense is capital or current.
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Renuvation is a capital or revenue expenditure?why?
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