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  • Are startup costs an asset?

    Posted by Christian on September 28, 2023 at 12:12 am

    Startup costs are typically considered intangible assets but are not always treated as traditional assets on the balance sheet. Instead, they must often be expensed as incurred under many accounting standards, such as U.S. Generally Accepted Accounting Principles (GAAP). However, the treatment can vary based on the jurisdiction and specific accounting framework. It’s always advisable to consult with a professional accountant or financial advisor when categorizing and accounting for startup costs.

    Bertran Hammad replied 7 months, 2 weeks ago 2 Members · 1 Reply
  • 1 Reply
  • Bertran Hammad

    Member
    October 14, 2023 at 11:53 am

    No, startups are only CEO entity

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