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

By Marc Sevitz · Updated

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 Marc

TaxTim Marc said:
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.