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Capitalisation of WIP

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(Querist)
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.
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Anurag Agarwal

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Anurag Agarwal (Expert)
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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