Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

IAS 38 DEVELOPMENT COSTS

This topic has 3 replies, 2 voices, and was last updated 5 years ago by MikeLittle.

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
October 26, 2016 at 1:29 pm #346113
fazeel93
- Topics: 71
- Replies: 49
hello sir mike,

does amortization of development costs start after commercial production of asset under development or at the time when development costs are capatalized?
October 26, 2016 at 3:39 pm #346133
MikeLittle
Keymaster
- Topics: 26
- Replies: 22594
After commercial production has started.

It’s the matching concept – matching revenues against associated costs
October 26, 2016 at 8:31 pm #346177
fazeel93
- Topics: 71
- Replies: 49
thanks sirrr
October 27, 2016 at 7:38 am #346228
MikeLittle
Keymaster
- Topics: 26
- Replies: 22594
You’re welcome
Author

Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.