Dear Sir and Madam,
consent to operate it is capital expenditure or revenue expenditure.
this is one type of permission given by the govt department to start new plant.
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Consent to operate
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If the permission is given on permanent basis, it can be treated as goodwill, otherwise revenue expenditure.
Respected Sir,
thank for advice
it is a permanent basis but every five years it will be renewed.. so it will be treated as a balance sheet item or p&l
thank for advice
it is a permanent basis but every five years it will be renewed.. so it will be treated as a balance sheet item or p&l
Consider it as revenue expense (P & L item), but apportioned cost; divided by five years of usage.
So, the remaining part will get reflected in BS.
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