Explain how span constructions ltd should account

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Point 1: Span Constructions Ltd incurred certain costs in the process of winning a successful bid on a contract with the South Australian government to build a new bridge over the River Torrens. The costs arose during the proposal and contract negotiations and they included costs associated with the initial design for the bridge.

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Question 1: Explain how Span Constructions Ltd should account for these costs. Support your answer with appropriate reference to AASB 15.

Reference no: EM132508766

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