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Insurance paid out to cover the cost of installing new units. Would this be capitalised?

Posted 20 February 2014

Our aircons were stolen and insurance paid out to cover the cost of installing new units. Would this be capitalised? The expense is R19 000.

TaxTim TaxTim says:
24 February 2014 at 10:58

This would be a replacement of assets and would go back onto the balance sheet similar to the ones that were replaced.

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