Sample Disclosure – Note On Property Development Costs (17 September 2009)
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Land Held for Property Development and Property Development Costs Land and development expenditure are classified as property development costs under current assets when significant development work has been undertaken and is expected to be completed within...
PROPERTY DEVELOPMENT COSTS 2008 RM 2007 RM Land – at cost x,xxx,xxx x,xxx,xxx Add : Incidental costs xxx,xxx x,xxx,xxx x,xxx,xxx x,xxx,xxx Cumulative land cost recognised as an expense in income Statement (x,xxx,xxx) (x,xxx,xxx) x,xxx,xxx x,xxx,xxx Add : Dev...