We have paid Qr75000 to a vendor for Interior Design for our showroom. The designing is not done physically as yet and we will move into the new premises only n a couple of months. The Qr75000 is a down payment for signing contract plus we have received some drawings.
My Question... should we capitalize the Qr75000, since no physical work has been done and we are planning to move to new premises only in two months??
The question is not IF it should be capitalized, it’s WHEN?
Thanks
My Question... should we capitalize the Qr75000, since no physical work has been done and we are planning to move to new premises only in two months??
The question is not IF it should be capitalized, it’s WHEN?
Thanks