Anjaneyulu (Private Service) (58 Points)
19 March 2009A pvt ltd company incurred expenditure on Advertisement on Hoardings / News paper publicity etc to develop brand Image.
being expenditure incurred is on capital nature, Does it comes under patents / Trade marks head in Schedule VI of Balance sheet or some other head? and also pls let me know the depreciation %
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 19 March 2009
I dont think it is capital expenditure. But it can be deferred revenue expenditure as you are gonna get the benefit for many years to come.
CAclubindia
