Which of the following statements is correct? It is permitted to add to the cost of the corresponding asset the cost incurred for:
(i) Restoring to working condition a factory gutted by fire
(ii) Replacing a roof, treated separately for depreciation, on completion of its life
(iii) Overhauling a building used as a warehouse for intended use as office premises
(iv) Redecoration of the building in preparation for silver jubilee celebrations

Transcribed Image Text:

ai only bi and ii cii and iii dii and iv