Preliminary expenses Amortized


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Preliminary expenses are costs incurred before a business officially starts trading. These expenses are typically amortised, meaning they are spread out over a set period. The common practice is to amortise preliminary expenses equally over five years.

19 March 2022 Preliminary Expenses are amortized equally over how many years. Please reply

19 March 2022 Amortize it over 5 years.

19 March 2022 Thanks sir for reply.


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