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Cost of Intangible asset

Accountancy

The company policy is that the expenses should be capitalised till it reaches the targeted customers so whether software and maintenance expenses can be capitalised into the cost of intangible asset as the expenses will also be incurred for the new customers?

siva chaitanya

CA Final

★ 13K+

22-Dec-23 12:41

268

Answers (3)

Best Answer

Expenses till the time asset is completed should be capitalised.

CA Suraj Lakhotia

Admin

23-Dec-23 17:23

Maintenance expenses cannot be capitalised.

CA Suraj Lakhotia

Admin

23-Dec-23 17:23

Thank you sir

Thread Starter

siva chaitanya

CA Final

★ 13K+

24-Dec-23 06:19