Capitalisation of expenses

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Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2014 hello sir,
please clarify me whether opening ceremony expenses of building should be capitalized or not?.
Thanks in Advance.

@VaibhavJ (Expert)
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10 January 2014 Hi

No it should not be capitalised, since it doesnt contribute to life of asset.

Thanks

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2014 Thank you Vaibhav sir.

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