03-24-2010, 06:32 PM
Dear Indyacctnt
Registration costs of vehicles are not the recurring costs at all, so your conclusion appears to be based upon some deficient info.
Registration expenses do not include "insurance" cover costs that are obviously the vehcile running operational costs.
You buy a computer hardware as well as a licensed software. So many software are available in pirated or unlicensed versions but civilized society (and corporate sector) uses the licensed versions. All licensing costs of software are intangible assets and are capitalized as such. These do not mean to include ongoing "insurance" costs of computer hardware and informational assets or other operational recurring expenses.
Without registration, you cannot even bring your vehicle on the road "legally", you cannot use it, operate it or get any benefit from it. So, the cost that is necessary to bring an asset in a useable condition and stature, that is also a non-recurring one time cost, and the cost that ensures that economic benefits will flow-in, is to be capitalized.
I don't find any preplexed issue in its understanding that is pulling this debate so long.
Regards,
KAMRAN.
Registration costs of vehicles are not the recurring costs at all, so your conclusion appears to be based upon some deficient info.
Registration expenses do not include "insurance" cover costs that are obviously the vehcile running operational costs.
You buy a computer hardware as well as a licensed software. So many software are available in pirated or unlicensed versions but civilized society (and corporate sector) uses the licensed versions. All licensing costs of software are intangible assets and are capitalized as such. These do not mean to include ongoing "insurance" costs of computer hardware and informational assets or other operational recurring expenses.
Without registration, you cannot even bring your vehicle on the road "legally", you cannot use it, operate it or get any benefit from it. So, the cost that is necessary to bring an asset in a useable condition and stature, that is also a non-recurring one time cost, and the cost that ensures that economic benefits will flow-in, is to be capitalized.
I don't find any preplexed issue in its understanding that is pulling this debate so long.
Regards,
KAMRAN.
