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IAS 16 PPE

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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October 1, 2017 at 6:43 pm #409152
lavan073
Participant
- Topics: 5
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why are the cost of site selection and evaluation of the site can not be capitalised to an asset?
October 1, 2017 at 8:46 pm #409162
MikeLittle
Keymaster
- Topics: 27
- Replies: 23345
Because that’s what the iAS says!
Until there is certainty about which exact site is to be selected, there is NO certainty – so we cannot capitalise
OK?
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