1- does product testing expense is capital expenditure or revenue?
2- expense related to event of launch of new products is revenue or capital expenditure?
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Product testing expense
Replies (3)
Most of the cases, both considered as revenue expenditures.
If product is new by range of products then testing exp can be considered Revenue & if the product is totally new by nature/origin then the expense can be capitalized.
AS 26 or Indas doesn't mention anything about new range or new origin. Can you help me with the standard Paras please.
I just know research and development phases
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