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Exp on rented property

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14 September 2021 Hello, everyone..... Good Evening....... My Company incurred a big amount of contraction expense on rented factory premises and lease period is 3 years.
now my ques is how can I book these expense ...........
kindly suggest an appropriate accounting method........
thanks in advance

14 September 2021 Capitalise the expenses and charge depreciation as business expenses. Treat lease rent as business income.

15 September 2021 If your company is lessee, the expenditure can be amortized over the lease period.






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