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    financeman's Avatar
    financeman Posts: 3, Reputation: 1
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    #1

    May 26, 2009, 10:07 AM
    Balance sheet
    Can losses written off by an organisation be capitalized after the write off in subsequent reports?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    May 26, 2009, 11:21 PM

    I don't get it. Capitalizing something means recording it as an asset. Why would you be doing that for a loss?
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