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Is Miscellaneous Expenditure Covered under AS-26

This query is : Resolved 
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(Querist)
10 June 2008 Dear Friend,

I have receently being told by one of my senior fellow chartered Accountant that a latest expert advisiory commitee has directed that misc. expenditure are to be covered by the AS-26 and should be written off 100% in the year when such expenditure takes place. which was earlier used to amortised over a period of 5-10 years depending upon managements decision.

I would like to know some thing about such a direction. you people can help me in that

Thank You
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Jitender

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Jitender (Expert)
23 August 2008 yes, it is to amortized 100% if it doesn't meet the recognition criteria.
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