Mining development expenses
This query is : Resolved
28 February 2012
Mining development exp as a deferred revenue exp. - Whether this type of exp. can be write off in one year?
08 April 2012
As far as I know mining cannot do development the mining it is natures creation but surely you can extract from mining. What do you want is capitalisation of overburden removed from the mines for taking out the minerals. In fact it is a revenue expenses. If before extraction of anything you are putting some machinery and it's installation then yes it can be capitalised.
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