writing off preliminary expenses and pre-operative expenses
This query is : Resolved
09 August 2008
I want to know whither in case of a company preliminary expenses and pre-operative exps are to be written off in 5 years or in 10 years. plz ans.
09 August 2008
Preliminary expenses are to be written off in the same year to the extent profits are available. Preoperative expenses are to be capitalised.
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