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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 |
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