Construction Related

This query is : Resolved 

26 November 2019 What is the accounting treatment for Site office building constructed at construction site, which will be demolished after completion of the project?

Whether it needs to be capitalized as Fixed Asset or debited to project cost?


26 November 2019 Hello Krupali, if your project exceeds one accounting year, you may write it off proportionally, otherwise take it as a project cost.
Also, in case the set up can be reused, you should account it as a fixed asset.



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