Amortization of Lease payments of land
This query is : Resolved
09 March 2009
If land is acquired on lease to construct a plant on it, and commercial production has not been started. whether it is necessary to amortize the lease rental even if commercial production has not been started?
Wheather it can be capitalized instead of being amortized
Wheather it can be capitalized instead of being amortized
09 March 2009
Yes, you need to capitalise the lease Rent, if prod. has not been started.
09 March 2009
Im asking about amortization of lease rentals.
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