Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Ground Leveling cost - Capitalize or Expense
12-22-2009, 05:02 PM,
#1
Ground Leveling cost - Capitalize or Expense
the cost associated to 'level a uneven ground' should be expense out or capitalize
Reply
12-23-2009, 12:56 AM,
#2
 
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.

Regards,



KAMRAN.
Reply
12-23-2009, 12:54 PM,
#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.

Regards,



KAMRAN.

<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Accountancy | Return to Top | | Lite (Archive) Mode | RSS Syndication