Depreciation on Building Work in Progress
This query is : Resolved
Umakanta Dash
(Querist)
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?
27 April 2008
Now place under capital-work-in -progress.After completion place under '' BUILDINGS ''and depreciation can be charged
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