Can Pollution Certificate be Capitalised?

Can I Capitalise my Pollution Certificate Licence?

Can anyone please guide me.
Also tell me about Factory Licence?
Replies (4)
Quick Summary
This discussion explores the possibility of capitalising pollution certificates and factory licenses. Generally, licenses that don't expire within a year can be treated as intangible assets. Capitalisation is typically allowed for long-term expenses that provide future cash inflow or asset benefits to the organisation, aligning with accounting standards like AS26.

Not possible.
Which kind of licence can be capitalised under Intangible assets

Only long term expenses and which gives benefit to the organisation in terms of cash inflow or assets. Licenses are intangible assets if they dont expire within a year

Thank you so much , same answer as per AS26

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