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 [...]
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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 : Development costs Balance at beginning of year x,xxx,xxx x,xxx,xxx Additions during the financial year x,xxx,xxx x,xxx,xxx x,xxx,xxx x,xxx,xxx Less: Cumulative [...] |
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