26 September 2011
If you are a publisher, then these expenses would be charged as expenses in the year in which you incurred the expenses, Copyright expenses may be capitalised as Intangible Asset. Expenses incurred on the books not sold at the end of the year should form part of your closing stock.
In case of other enterprise; depreciation is required to be charged as 100 % in case of annual publications of the books, where as in case of other books, you may charge depreciation at another rate as per the use of that particular book. If life is for 2 years deprection may be charged at 50 %.
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