RENTAL

/Tag:RENTAL

Treatment of Storage Costs

Hi All, Can someone advice the correct treatment of the below case under IFRS. A company is trading in Fuel Oil. It purchases fuel oil, stores it in tanks and sells it. As a result it incurs fuel costs and also storage costs (tank rentals). In a particular transaction, the company purchased fuel oil in [...]

By |February 15th, 2009|IFRS|17 Comments