02-10-2010, 05:49 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by awaisaftab</i>
<br />As per IAS-16 your treatment is right. The cost of registration of vehicles is material in many cases. Beside it the capitalization of registration is as per GAAP.
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You are right that its material in many cases and capitalization is as per GAAP... but whatif COMPANY has a general practice of not capitalizing registration charges...
<br />As per IAS-16 your treatment is right. The cost of registration of vehicles is material in many cases. Beside it the capitalization of registration is as per GAAP.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
You are right that its material in many cases and capitalization is as per GAAP... but whatif COMPANY has a general practice of not capitalizing registration charges...