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Expense should be cpitalised or charged to revenue

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Querist : Anonymous

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Querist : Anonymous (Querist)
designing expenses incurred on designing of book or design charges related to a book publishing business should be charged to revenue or should be capitalised ? and if capitalised, method of amortization of expenses. please provide the answer or article on it

Designing is Patent/ Copyright if yes then Capitalise it bcoz expenses must be of high value, it should be amortised according to the useful life. Preferably 5 yrs. Refer As-26 for further details

Agree with expert



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