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Can Pollution Certificate be Capitalised?

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Arun Vashisht

13 Points Posted on 28 November 2022

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.

sabyasachi mukherjee

Profession Business

28246 Points Posted on 29 November 2022

Not possible.

Arun Vashisht

13 Points Posted on 29 November 2022

Which kind of licence can be capitalised under Intangible assets

Yasaswi Gomes new

Finance

4592 Points Posted on 29 November 2022

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