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Capitalization of ground rent and conversion charges AS-10

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(Querist)
05 March 2020 whether ground rent and conversion charges are to be capitalized as per Accounting Standard?
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Kamal Kant Mittal

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Kamal Kant Mittal (Expert)
07 March 2020 Hi, I believe you should not capitalise the same because it is recurring nature expense and there are no future economic benefits from that.

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