Capitalisation of Expenses
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2010
If a company tranfers the term loan from one bank to another bank for getting term loan at lower rate of interest,
1.Can the comapny capitalize the expenses incurred for new loan and write off during the period of new term loan?
2.Can the expenses for pre-payment of previous loan be written off in the balance period of loan?
1.Can the comapny capitalize the expenses incurred for new loan and write off during the period of new term loan?
2.Can the expenses for pre-payment of previous loan be written off in the balance period of loan?
14 January 2010
1) Yes
2) no
Not sure, suggest you to recheck
2) no
Not sure, suggest you to recheck
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