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Exp on rented property

This query is : Resolved 

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

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

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



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