Depreciation on Building Work in Progress
This query is : Resolved
25 April 2008
We have a office building which is newly built, But its not fully completed.We have occupied the building in some floors but other floors works still in progress . Can any body suggest whether we can charge depreciation on the Work in progress cost or not?
26 April 2008
depreciation will be charged on completed part only.
27 April 2008
Now place under capital-work-in -progress.After completion place under '' BUILDINGS ''and depreciation can be charged
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