Capitalisation of WIP
This query is : Resolved
23 March 2010
Dear Sir
My company encaged in an own project, some of the assets already completed but the project still pending. We took these assets under Capital WIP because the project yet to complete, weather this view is currect one. If, not please provide exact points.
My company encaged in an own project, some of the assets already completed but the project still pending. We took these assets under Capital WIP because the project yet to complete, weather this view is currect one. If, not please provide exact points.
23 March 2010
If you are capitalising Project as a whole then you cannot capitalise the assets which are ready However, it seems that this is not the case and you should capitalise those assets.
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