in General IFRS Discussion by
Is it capitalised on the cost of PPE or accounted for separately in terms of IAS 38.

Please log in or register to answer this question.

1 Answer

0 like 0 dislike
by
Usually it's part of PPE cost, because it's necessary to bring asset to current location and condition (IAS16.16b). Also cost of design does not meet criteria of identifiably (IAS38.12).  
   But if the design will be used to build many buildings (such as residential houses in the condominium), then it’s intangible asset.

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories



...