Accounting

[Name of the Institute]

Accounting

Introduction

The startup cost are particularly addressed by the ASC 720-15 (i.e. formerly statement of the position 98-5, Reporting on the cost of Start-Up Activities).Start up cost can be defined broadly as activities that are related to any of the cost related such as the opening of the new facility, conducting business in a new territory, introducing the new product or the service or the conducting business with an entirely new class of the customer or beneficiary. In the balance sheet for the treatment of accounting for the start up cost, under the fixed assets the furniture, depreciation, equipment, ...