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kkadam12
Jan 31, 2010, 07:05 PM
A machine is bought at the first of the year is oil and lubrication to be used with macinery during the first year of operation included as a related expenditure?

kkadam12
Jan 31, 2010, 07:06 PM
A machine is bought at the first of the year is oil and lubrication to be used with macinery during the first year of operation included as a related expenditure?

MukatA
Jan 31, 2010, 10:16 PM
If oil and lubrication is used after start of business, it is expense. Before start of business, it is capital expense to be amortized.