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Capitalization of expenses

This topic has 1 reply, 2 voices, and was last updated 10 years ago by 3mr.

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April 22, 2014 at 12:28 pm #165899
Gyanu
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Can we capitalize lunch expenses of software developer in in cost of software?
April 22, 2014 at 1:09 pm #165905
3mr
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No, this expense isn’t directly attributable to the asset, unless there is a law or a policy for providing this type of expenses. I don’t think that you should capitalise expenses spent just because you are generous .
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