alleryStart learning →Costs of an entity's own website at the planning stage are treated how?
ACapitalised as cost
BExpensed as incurred
CRevalued each year
DAdded to goodwill
Answer & Solution
Correct answer: B. Expensed as incurred
Planning stage expenditure is similar to research and is expensed when incurred.
Keep practising Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets
Browse all Ind AS 36 Impairment of Assets and Ind AS 38 Intangible Assets questions for CA Final, or explore more Financialreporting topics.
Related questions
With no active market now, a revalued intangible is carried at what?Prior recoverable amount may be reused if the margin was what?Acquired intangibles that cannot be recognised separately go where?The best estimate of a recognised website's useful life should be what?A website from development is recognised only if it meets what?To assess impairment of an intangible asset, which Ind AS is applied?How may a nominal-cost government grant intangible be measured?Gains on derecognition of an intangible asset are classified how?