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i just want to know, what would the treatment be for these two adjustments, thank u (v) During the year the company began construction of
i just want to know, what would the treatment be for these two adjustments, thank u
(v) During the year the company began construction of a new facility. The costs incurred to date include the following: Site preparation Materials used Labour costs Overheads Total '000 200 100 60 100 460 Overheads comprise overheads of 80,000 related to the construction of the facility and overheads of 20,000 that are general to the business as a whole. (ix) During the year, the company undertook some research and development activities. The costs incurred, which have all been included in the Intangible assets account, comprise: 20,000 (1) Research costs for a possible new product (2) Development costs for a new product to be released to the market next financial year (3) Promotional costs relating to (2) above 40,000 80,000 Step by Step Solution
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