Capital Expenditure
This query is : Resolved
05 June 2010
Hi..
Will loan processing fee and bank commission will capitalized if its related to credit facility which is taken for acquiring office premises
Please let me know.
Thanks,
Prashant
Will loan processing fee and bank commission will capitalized if its related to credit facility which is taken for acquiring office premises
Please let me know.
Thanks,
Prashant
Vimal Saini
(Expert)
05 June 2010
Processing fee is one time payment not to be recovered in any case even the surrender of the loan will not entitle u for refund, so be amortised in the year of payment only,
But whn we talk about IFRSs, effective rate of interest is calculated by considering the Processin Fees for capitalization as well as expenditure....
But whn we talk about IFRSs, effective rate of interest is calculated by considering the Processin Fees for capitalization as well as expenditure....
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