Accounitng for intangible assets
Querist : Anonymous
I have paid Rs. 3500 as registration Fees & Rs. 14000 as their charges for registration
till the Year March 2014, the Trade mark is not yet registered but the department raised a query for which i replied through consultant and again paid the fee of Rs. 3500 to consultant for reply
what will be the accounting treatment as per As-26
Querist : Anonymous
any import duties and other taxes (other than those subsequently
recoverable by the enterprise from the taxing authorities), and any directly
attributable expenditure on making the asset ready for its intended use.
Directly attributable expenditure includes, for example, professional fees
for legal services. Any trade discounts and rebates are deducted in arriving
at the cost.
Querist : Anonymous
Can we show it under Intangible Assets-WIP
and a foot note in Notes to accounts of financial statements for the Year 2013-14
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