04-06-2007, 05:19 PM
Now it's very simple. If it has to be consumed for this project only, it should be charged to profit and loss account, as economic benefits are not expected to continue to flow.
By the way what makes you believe that the subject study will be used solely for this project only? I mean if you have another assignment of the same nature, you'll certainly need the same again.
By the way what makes you believe that the subject study will be used solely for this project only? I mean if you have another assignment of the same nature, you'll certainly need the same again.