The expenditure incurred on test runs is usually A. Capitalised as a direct element of the construction
Question:
The expenditure incurred on test runs is usually
A. Capitalised as a direct element of the construction cost
B. Capitalised as an indirect element of the construction cost
C. Treated as revenue expenditure
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
B Capitalise...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
Question Posted:
Students also viewed these Business questions
-
Case Scenario1 - Hien Hien is in business selling high quality glassware to retailers. Her accountant prepares a statement of financial position each year following Hiens year end of 31 December. It...
-
Blossom is a private camping ground near the Boulder Peak Recreation Area. It has compiled the following financial information as of December 31, 2022. Services revenues (from camping fees) $133,000...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Toby dies on 2 March 2021, leaving an estate valued at 400,000. None of the transfers made on death are exempt from IHT. Calculate the IHT due on the estate if the total of the gross chargeable...
-
Explain how net present value is an appropriate tool for comparing investments.
-
If a company overpays for the purchase of another company, as took place when the merger of AOL and Time-Warner took place, what steps should the auditor take to be sure the results are fairly...
-
A computer is used to randomly select a number between 1 and 4000. Event B is selecting a number less than 500.
-
Pup Noir, a private investigation firm, investigated 90 cases in December and had the following costs: direct labor, $190 per case; and service overhead of $20,840. Service overhead for October was...
-
x 1. Company X issuing its annual financial reports within one month of the end of the year is an example of which enhancing quality of accounting information? Select one: a. Timeliness. b....
-
The expenditure incurred between the date of a project is ready to commence commercial production and the date of actual commercial production will be A. Capitalised B. Ignored C. Charged to Profit...
-
Modvat credit is A. Added with the cost of the fixed asset B. Deducted from the cost of the fixed asset without any condition C. Deducted from the cost of the fixed asset if certain conditions are...
-
In Problem use Theorem 2 to find the local extrema. f(x, y) = xe y + xy + 1 THEOREM 2 Second-Derivative Test for Local Extrema If 1. z = f(x, y) 2. fx(a, b) = 0 and f(a, b) = 0 [(a, b) is a critical...
-
The four forces, 400, 500, 600 and 700N are acting along the edges of a 0.8m cube as shown. Represent the resultant of these forces by 1) A force Fr through the point A 2) A couple moment Mr (give...
-
Problem 1. What is the degree of freedom of the following mechanism? Sliding joint Sliding joint
-
PILAR Manufacturing Co. has three producing departments (P, I, & L), and two service departments (A&R). The total estimated departmental expenses for 2021 before distribution of service department...
-
1. A volleyball player serves the ball at point A with an initial velocity vo at an angle of 20 to the horizontal. (a) Determine the minimum velocity of the serve such that the ball will just clear...
-
9.50. Dipping low ** A top with I = 3/3 floats in outer space and initially spins around its x3 axis with angular speed w3. You apply a strike at the bottom point, directed into the page, as shown in...
-
Access the SEC EDGAR database (www.sec.gov) and retrieve Apple's 2012 10-K (filed October 31, 2012). Identify its auditor. What responsibility does its independent auditor claim regarding Apple's...
-
Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional...
-
Describe Fiedler's contingency model.
-
Define the characteristics of a charismatic leader.
-
Contrast transformational with transactional leaders.
-
Your company produces a health magazine. Its sales data for 1 - year subscriptions are as follows: Year of Operation Subscriptions Sold % Expired at Year End 2 0 2 0 $ 3 0 0 , 0 0 0 5 0 2 0 2 1 $ 6 4...
-
The adjusted trial balance for Tybalt Construction on December 3 1 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 3 1 Number Account Title Debit Credit 1 0 1 Cash $...
-
( US$ millions ) 1 2 / 3 1 / 2 0 1 4 1 2 / 3 1 / 2 0 1 3 1 2 / 3 1 / 2 0 1 2 1 2 / 3 1 / 2 0 1 1 Net income $ 1 4 , 4 3 1 $ 1 2 , 8 5 5 $ 1 0 , 7 7 3 $ 9 , 7 7 2 Depreciation 3 , 5 4 4 2 , 7 0 9 1 ,...
Study smarter with the SolutionInn App