Question

land development expenses is treated as​

Answer 1

Land development exp are incurred to make the land fit for building structures on it. As per AS 10 all costs incurred to make the asset ready for intended use should be capitalised as part of the Asset cost. Here the Dev exp is incurred to make the land ready for its intended use i.e building the mall.

Answer 2

Explanation:

Land development exp are incurred to make the land fit for building structures on it. As per AS 10 all costs incurred to make the asset ready for intended use should be capitalised as part of the Asset cost. Here the Dev exp is incurred to make the land ready for its intended use i.e building the mall.