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jascoco
Jun 28, 2009, 11:25 PM
what is the accounting treatment of agents fees for the sale of a non current asset, Should they be expensed or capitalised?
rehmanvohra
Jul 1, 2009, 04:17 AM
Agents fee on disposal should be charged to disposal account which will reduce the disposal receipts. These fees are payable to the agent for his services which results in an ultimate disposal of the asset.