06 January 2021
following expenses are incurred before commercial production 1) Technical consulting & training for machine 2) Pre-Operative salary 3) Legal fees 4) Training 5) Trial Run 6) Consumable & Material CWIP for trial run All above is showing under capital work in progress
Tell Us what is treatment of above for capitaliation after commercial production start
and if amortise then in how may years along with entry please guide
CAclubindia
