- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Does Capitalising development Cost Means Showing the Amount Spent under development phase As a Separate Non Current Asset in SFP
OR Show the Amount as Actual Cost of an Asset developed after R&D under Non current asset Section….. For Example As Value Of Eight door CAR in SFP
The amount of the development cost (assuming that it fulfils the conditions) is shown as a separate item under the heading non-current assets (and is then amortised).
(Although appreciate that you cannot be asked to produce an SOFP in the exam.)