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please sir
1. Case A was started on 1.1.18 and met criteria on 31.8.18.2.Case B to investigate the properties of chemical compound.
3.Case C development project completed on 30.6.18.Related cost in SOFP at opening were $290000.production & sale of new product commenced 1 sep and expected to last 36 months.
Cost for the year 31.12.18
A $34000
B cost to 31 aug $ 78870
B cost from 31 aug $ 27800
C cost to 30 june $ 19800What amount is total expenses to SOPL?
please help me sir ,I was confusing in case B & C.
Hoping …Your question isn’t very clear.
But:
1. expense all costs until criteria for capitalsing are met (e.g. project commercially viable)
2. then capitalise costs until product ready for sale
3. then amortise over expected period of sale.Also – unlikely to see calculations for this in SBR – it’s more FR (F7)
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