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Accounting of construction in a rented premises

Sruthi Varghese   18 September 2020

Sruthi Varghese

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A private company is operating its business in a rented building. The company made a further construction in the building by taking a loan. For this construction, it made an agreement not to pay rent for next 5 years. Can this construction could be accounted as an asset to the company or otherwise how to account it?

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