The Production Machine was revised for its maintenance. Some components within the machine were changed, hundreds of them.
In terms of component values, can we capitalise the components that are on and below the depreciation limit of TRY 1.000,00? And can we record the components below the depreciation limit as production expense?
Or do we have to capitalize all of the invoice?
For example;
Machine Bolt : 10 * TRY 50 = 500,00 Expense
Machine Strap: 2 * TRY 600 = 1.200 Expense
Motor : 2 * TRY 5.000 = 10.000
Depreciation Total : TRY 11.700
Is the total amount included in depreciation or just the amount for 2 motors which is TRY 10.000.
(19.12.2018)
We think that all of the above, except for the motor, are written off.
Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
