Thanks for your reply, I agree with you, but I want to know best practices.
Please tell about, if we send equipment to vendor / perform refurbishment of equipment in house and settle the equipment / material cost on an asset then system will show me asset value in stock and that material moving average price also in stock. Does it mean duplication from balance sheet point of view ?
Actually, I didn't understand the difference between refurbishment and capitalization of equipment (as define in my question above) ? when should we perform refurbishment and capitalization of equipment ?
Thanks alot