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Accounting treatment for land development

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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 March 2020 It's better to capitalise as land development.
No AS will support to show it as preliminary Expense.
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