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The cost of non current asset

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Ken Garrett.

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July 13, 2021 at 7:22 am #627571
Sulaiman.
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Is the cost of buying non current asset revenue expenditure or capital expenditure?
July 13, 2021 at 9:04 am #627594
Ken Garrett
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The cost of a non-current asset includes amounts incurred to acquire the asset and bring it into working condition. For example, delivery costs, installation costs and pre-use testing costs are capitalised.
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