Valuation of capital work in progress
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2012
how is capital work in progress valued?
10 October 2012
All directly attributable costs are to be included.
For Ex.
Site preparation,installation costs ,all purchases,labour, erection etc..
Internal profits are to be eliminated,
General and administrative overheads are not considered.
No depreciation is charged on CWIP.
For Ex.
Site preparation,installation costs ,all purchases,labour, erection etc..
Internal profits are to be eliminated,
General and administrative overheads are not considered.
No depreciation is charged on CWIP.
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2012
thanku..
31 October 2012
In summary actual cost of the bring the assetes to the current location are considered to be part of the CWIP and the actual fixed asset. No internal profits / margins are considered. Generally dedicated engineers and team working direcrly on the projects should, however, must be considered for this purpose.
regards
regards
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