Capitalisation of preoperative expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2013
We have incurred processing fees for Term Loan, Bank Charges, Travelling & Conv. Subscription & Donation etc. and entered these in Preoperative Expenses in 2013. Our project is not yet completed.Commercial Production to be started in July,2013.Our Civil construction cost, Deep tubewell cost, Furniture is kept under Capital WIP in balance sheet in 2013, Can we capitalise those Preoperative Exp with Capital WIP proportionately in 2013 Balance Sheet? or should we capitalise those Preoperative Exp after commencement of commercial Production in 2014 Balance Sheet?
Rupesh Jain
(Expert)
22 June 2013
r/sir
preoperative exp not be capitalize till when your production is start
preoperative exp not be capitalize till when your production is start
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