The company where I was working earlier , we always used to debate whether to buy an item like a new tool or a small machine under capital or revenue expenditure?
Capital requirements are planned in advance…
if I have not planned my capital budget in advance , and there is an urgent requirement in the middle of the FY, what we do is to buy some major parts as raw material and try to either revamp or repair the existing item or simply assemble the new parts bought as raw material to make the machine under revenue expenditure.