Pre operating expenses
This query is : Resolved
07 February 2017
Dear sir
before setting up a plant we have taken a go down on rent basis
for 6 months it is before commencing the business.
actually as per IFRS what is the treatment
can i amortise the expenditure for years
or treat as p&L expenses
pls help me
before setting up a plant we have taken a go down on rent basis
for 6 months it is before commencing the business.
actually as per IFRS what is the treatment
can i amortise the expenditure for years
or treat as p&L expenses
pls help me
07 February 2017
Treat as P&L expenses.
07 February 2017
Thaks for reply
Sir
is any chance to do amortisation if yes how many years as per IFRS
because it shows a huge effect if we have shown in p&l
pls suggest me
Sir
is any chance to do amortisation if yes how many years as per IFRS
because it shows a huge effect if we have shown in p&l
pls suggest me
07 February 2017
Refer IAS 16 and IAS 38 such expenses has to be charged off in the year of expenditure incurred.
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