Question: KEY NOTE: If the repairs or Maintaince has ensured it is kept in the same condition as when the asset was purchased ( not doing
KEY NOTE: If the repairs or Maintaince has ensured it is kept in the same condition as when the asset was purchased ( not doing anything different or better), then that is allowable as deduction. Minor alternations are going to be ok. Was a new asset created - the extent we got a brand new asset, that is going to be a capital
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
