Examples of Capitalized Costs in a sentence
Implementation Issues: Entities will need to develop a system of identifying these costs and establishing responsibility for transferring the costs to job costs as they are amortized to the performance obligation.> Capitalized Costs to Obtain a Contract ASC 340-40-25-1 states that the costs of obtaining a contract should be recognized as an asset if the costs are incremental and are expected to be recovered.
So, they might qualify as precontract costs but not incremental cost to obtain.> Capitalized Costs to Obtain a Contract (continued) IMPLEMENTATION EXAMPLE: IDENTIFICATION OF CAPITALIZED COSTS A contractor incurs the following costs in order to obtain a construction project.
Costs incurred with respect to such remedial or corrective actions shall not be or become Capitalized Costs.
Apart from the lawful disposal of such removed soils or spoils, which shall be at Contractor’s sole cost and expense (but which, if a capital expense under GAAP, may be included in the Capitalized Costs), Contractor shall have no duty to remediate such site.
The uptake at the PMU level is through community boxes to the Province.