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Hi sir for march/june 2017 exam question 16(b), the audit risk regarding the upgrading of the website .
My answer varies.
If this expenditure is of capital nature it should be capitalised as part of PPE, as per IAS 16.
If it relates more to repairs, it should be expensed to the income statement.
Is this acceptable ?
This expenditure relates to non-current asset right not intangible asset right sir ?
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