02-10-2010, 06:24 PM
In addition to the above Ias 16 also states that initial costs to be capitalized
includes the costs which are necessary for its present location and condition.As registration charges are necessary b4 we can use the asset so it shall be capitalized and we cannot expense it.
includes the costs which are necessary for its present location and condition.As registration charges are necessary b4 we can use the asset so it shall be capitalized and we cannot expense it.