TREATMENT OF DEVELOPMENT COST OF WEBPAGE

This query is : Resolved

VINAYAK D PRABHU (Querist)
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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

Deepak Agrawal (Expert)
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29 January 2009 These costs are to be expensed out. Since one website is developed, it will be updated again & again...

VINAYAK D PRABHU

VINAYAK D PRABHU (Querist)
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29 January 2009 If that be the case, why additions to the existing fixed assets are not being expensed out??

Deepak Agrawal

Deepak Agrawal (Expert)
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21 February 2009 It is because such addition would not have resulted in ncrease in calue, itilty, capacity, etc...

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