Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Capitalizing Project Startup Costs: Include Test Runs; Exclude General Overheads as Revenue Expenditure.</h1> The expenditure related to the start-up and commissioning of a project, including test runs and experimental production, should be capitalized. Once the plant begins commercial production, any subsequent expenditure is considered revenue expenditure. Administrative and general overhead expenses not tied to a specific tangible fixed asset should be excluded from the cost of tangible fixed assets and treated as allowable revenue expenditure.
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