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Ground Leveling cost - Capitalize or Expense
12-23-2009, 12:54 PM
Post: #3
Land is to be used for parking..there is nothing build on the land, its basically sand filling..

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by kamranACA</i>
<br />Dear

You can capitalize it specially if you are going to use the land for your operations and leveling is inevitable for doing so.

Even if you are a trader of land and it is the inventory in which you deal and for selling such inventory leveling is required, you can debit its cost to the cost of land.



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[] - kamranACA - 12-23-2009, 12:56 AM
[] - sjehanzeb - 12-23-2009 12:54 PM

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