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Contract costs

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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November 26, 2019 at 6:02 am #553762
alikhakar
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When incremental contract costs are recognized as asset, how they are accounted for subsequently as the revenue is recognised?
Thanks for your time
November 26, 2019 at 1:31 pm #553823
Stephen Widberg
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Just apply matching concept
So if revenue lasts 3 years, then amortise the costs over 3 years
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