Submitted Questions

  • Large start up costs, can they be capitalized

    Can start up costs associated with getting a new location up and running within your business be capitalized even though they are non-capital items?

    Divakar B

    • Nov 28th, 2012

    As per Accounting standard 16 specified by ICAI , Borrowing cost, Interest cost even though non capital in nature which must be capitalized if they incurred for acquisition of Qualifying capital asset...