Purchase a vehicle - capitalise freight costs

Posted by Ned PM | on Thu, 24/05/2012 - 12:18 658 2 comments | report

When purchasing company vehicles, in this case a bus, is it acceptable to capitalise the freight costs, I would have thought it would be as it is a direct cost in aquiring the asset, is this correct?

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Not being an accountant

billgilcom | Thu, 24/05/2012 - 12:30

Thanks that what I thought

Ned | Thu, 24/05/2012 - 13:23