All Topics / Value Adding / What costs associated with a development can one expense (versus capitalise/depreciate)

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  • Profile photo of mixedupmixedup
    Participant
    @mixedup
    Join Date: 2008
    Post Count: 79
    June 18, 2008 - 6:16 am

    Hi,

    Can anyone recommend an online resource for confirming what costs associated with a development can one expense (versus capitalise/depreciate)?   (e.g. costs of buying land, stamp duty, DA, design work, cost of co-ordinating the construction). 

    Thanks

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    June 18, 2008 - 10:09 am

    It is a development, just about anything of value must be depreciated if it is buy and hold. If you are developing to sell, then you are selling a new product and there is no depreciation. If it is a business, then these are costs of doing business.

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