02-12-2009, 08:18 PM
Dear Kashif
Pre operating expenses are also known as Pre Commencemetn Expenditures and preliminary expenses . I don't know their treatment under IFRS but according to I. Tax Ordinance 2001 the Pre Commencment Expenditure shall be amortized @ 20% per year by using straight line method.
Regards
Awais Aftab
Pre operating expenses are also known as Pre Commencemetn Expenditures and preliminary expenses . I don't know their treatment under IFRS but according to I. Tax Ordinance 2001 the Pre Commencment Expenditure shall be amortized @ 20% per year by using straight line method.
Regards
Awais Aftab