Kindly give some IFRS supporting for the capitalisation of expenses such as planning consultant's salary which are purely attributable to a specific project which will be commissioned in near future. Kindly let me know which IFRS deals with this issue.
25 October 2010
You can capitalise salary charges as IEDC. After capitalisation , fair value of the assets is to be decided as per IFRS. At the initial level you can capitalize all the direct expenditure at project stage.
CAclubindia
