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Expense should be cpitalised or charged to revenue

This query is : Resolved 


Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2012 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

26 October 2012 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

26 October 2012 Agree with expert

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