there are 2 asset purchased hence capitalized for a new product.one out of them is intangible. But trial run of the product was a failer, and its future is a question mark.
What should do with these asset. Where its depreciation should be charged.
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If the asset purchased in the same financial year ( and accounts are still not finalised ), then do not recognize as an asset as it wouldn't meet the asset recognition criteria. directly expense out. If the facts are of different financial years, then fully ammortise the written down value and value asset at Nil
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