TREATMENT OF DEVELOPMENT COST OF WEBPAGE
This query is : Resolved
VINAYAK D PRABHU
(Querist)
28 January 2009
TREATMENT OF WEBPAGE DEVELOPMENT COST IN THE FINANCIAL STATEMENTS. WHETHER TO BE CAPITALISED OR EXPENSED...AND WHAT IF THE DEVELOPMENT COSTS ARE SPREAD TO MORE THAN TWO OR THREE YEARS....
Deepak Agrawal
(Expert)
29 January 2009
These costs are to be expensed out. Since one website is developed, it will be updated again & again...
VINAYAK D PRABHU
(Querist)
29 January 2009
If that be the case, why additions to the existing fixed assets are not being expensed out??
Deepak Agrawal
(Expert)
21 February 2009
It is because such addition would not have resulted in ncrease in calue, itilty, capacity, etc...
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