- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Dear sir
what i want to ask is after buying a fixed asset while testing a (at installation process)if a product is produced and sold is it going to be treated as P&L income or treated as a deduction from initial cost of the asset?Well, I believe that I answered that having guessed that that was your question
However … think about the practicalities of the hypothetical scenario that you’ve envisaged. Any organisation that is trying to develop a new product is highly unlikely to want to sell those prototypes that they produce during the development stage
OK?
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘initial cost of fixed asset’ is closed to new replies.