Loan
This query is : Resolved
24 August 2010
Is processing fees charge on loan can be expensed off..??
24 August 2010
Yes. It should be.
24 August 2010
For any purpose loan processing fees are amortised except in case of loan taken for assets which are not ready to be put to use at the time of their purchase and hence the same can be capitlised in the cost of the asset.
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