A flat roof is repaired - at a cost of £100k.
Would you treat this as an addition to fixed assets?
(swirling memories of Odeon cinemas and ships come to mind).
I kind of think it should, on the basis of cost and enduring benefit, but part of me is saying I had a roof before and have a new (better) roof now - but no new assets as a whole. (again, thinking of furnace chimneys and the like)