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Accounting treatment of prototypes

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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.
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CMA Ramesh Krishnan

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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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