Q.

Which of the following items should not be capitalized relating to fixed assets?

A. Interest payable on loans or deferred credits taken for the acquisition or construction of fixed assets before they are ready for use
B. Stand by equipment and servicing equipment
C. Expenditure incurred on test runs and experimental production
D. Administration and general expenses
Answer» D. Administration and general expenses
648
0
Do you find this helpful?
11

View all MCQs in

Financial Accounting

Discussion

No comments yet

Related MCQs