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Pre-commissioning expenses of a plant and equipment

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Reference no: EM131759891

Question: If it was known that capital expenditures are for fixed assets by default expected to be productive assets in the long run such as leasehold land improvements. Similarly, if it was also known that revenue expenditures are for costs that are related to specific operating periods and/or revenue transactions, such as the cost of goods sold or repairs and maintenance expense. In such case, pre-commissioning expenses of a plant & equipment for a footwear producer, Lawreshwar Polymers Limited would be part of its:

(a) Non-Current liabilities

(b) Current assets

(c) Current liabilities

(d) Non-current assets

Reference no: EM131759891

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