Hi, I would like to know if the high costs of migrating markets, being already a traded fund, can be capitalized and further write off the costs over a period of at least 3 year. Is this possible or should these costs be expensed? Eli
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Hi to everybody. My question is that: the initial costs to acquire an asset like; the negotiation and traveling expenses incurred by management to acquire an asset, what about such costs of that assets; in case before finalizing of the deal; a. it is certain that the asset would be acquired. b. its is not [...]
Hi sir. My question is that the costs of negotiation and traveling for acquiring an assets by management, what about the costs whether it should be capitalized or expensed in case; a. it is certain from the very day that the assets would be acquired. b. it is uncertain that the asset would be acquired [...]
Looking for an example of a company that has recorded a gain on a bargain purchase resulting from a business combination. Ideal if it was a mining company. Thanks Gord
Looking for an example of a company that has included a "convenience translation" in its IFRS financial statements. (as described in IAS 21 par 56-57 and BC14). This would be supplementary information that is presented in a different than its functional or presentation currency. Thanks
Could you please help with the following situation. Mother company (company A) has given loan to its 100% subsidiary (company B), which on the other hand capitalizes the borrowing costs since the loan is used to build a qualifying asset. In order to be able to provide loan to its 100% subsidiary, the mother company [...]
Dear Experts, If useful life of computer software is revised from 5 years to 2 years, this would be a change in estimate as per IAS-8 and change will be prospectively. However, in practical example Cost $ 50000 as on 31-12-09 Accumulated Depreciation $ 30000 as on 31-12-09 NBV 20000 as on 31-12-09 If life [...]