Accounting treatment for land development
This query is : Resolved
13 March 2020
In case of a newly set up quarry , is it better to consider the land development, fencing charges incurred to consider as pre-operative expenses or is it better to capitalise as land development ?Is there any AS supporting to show it as preliminary expenses?
13 March 2020
It's better to capitalise as land development.
No AS will support to show it as preliminary Expense.
No AS will support to show it as preliminary Expense.
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