IAS 16 PPE

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October 1, 2017 at 6:43 pm #409152
lavan073
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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
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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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