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Sir can we capitalize initial website registration fee while measuring a website as an intangible asset?
You will need to use the information in the scenario – if the website being developed meets !AS 38 capitalisation criteria then legal / registration fees would be capitalised (as with tangible assets)
Further detail if you are interested:
https://www.rsm.global/southafrica/news/developing-website-requirements-ias-38-and-sic-32
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