preoperative expenses for equipment clasification on financial statements

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preoperative expenses for equipment clasification on financial statements

commented Jun 22, 2016 by anonymous

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Mian Musawar · Answer 1 · 2016-12-12T17:40:59+0000

IAS 38 explicitly prohibits the capitalization of preoperative expense as part of the asset. Therefore, any preoperative expenses should be charged to the profit and loss account in the period in which they are incurred.

preoperative expenses for equipment clasification on financial statements

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