Accounting treatment of prototypes
This query is : Resolved
17 August 2011
Our company developing prototypes of various new products with huge investments, what is the proper accounting treatment for prototypes, can these be capitalized or any other procedure is there as per Accounting Standards or Companies Act. Please clarify.
CMA Ramesh Krishnan
(Expert)
17 August 2011
this can be trail run expenses can be deferred and written off over the useful period
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