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- Jun 15, 2017
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We are in a process of lease-out a property for a considerable amount. Just want to know how we should account following transactions;
- We are going to spend on some modifications in the building – Should this cost be capitalized or expensed
- Paid a Stamp Duty on Lease agreement, what is the treatment, should this be considered as a part of the rental or in a different expense as stamp duty
Please advise
- We are going to spend on some modifications in the building – Should this cost be capitalized or expensed
- Paid a Stamp Duty on Lease agreement, what is the treatment, should this be considered as a part of the rental or in a different expense as stamp duty
Please advise