Pages: 1
RSS
capitalization
 
Our company purchased some office furniture, art work and plants. can we capitalize all of them?
 
you can capiatalize if following conditions are fulfilled
1. asset has a usefull life of more then 1 year
2. future economic benifits from the asset can flow to the organization
in normal practice plants are expensed out and not capitalized.
Pages: 1

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