treatment of sponsorships

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August 13, 2017 at 12:31 pm #401688
avisheksanyal89
Member
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if a company sponsors players to ‘improve brand image’. will the sponsorship count as an intangible asset or be expensed as advertisement expenses?
August 14, 2017 at 3:51 pm #401805
P2-D2
Keymaster
- Topics: 4
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Hi,

It is just an advertising expense. To be capitalised it needs to provide probable future economic benefits and there is no guarantee that this will happen.

Thanks
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