Research costs and turnaround costs are identified as Capital Cost. If my company capitalization policy does not recognize this cost as capital, can I record these costs as an operating expense?
Alberta Energyrecognises that this cost may be classified as either a capital or operating cost. You may file this cost based on your companys policy as long as your total costs for capital and operating reconcile to the End of Period Statements (EOPS). If you are not filing this cost as a capital cost, identify on the Allowed Operating Cost Details form in the Other category and specify research and/or turnaround/expense projects in the comments.
Related Questions
- Research costs and turnaround costs are identified as Capital Cost. If my company capitalization policy does not recognize this cost as capital, can I record these costs as an operating expense?
- I dont get a raise every time my cost of living goes up. Why should the gas company profit every time gas costs go up?
- How does the company measure the required rates of return of investors or the opportunity cost of capital?
