Construction Site Assets

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Accountant
24 Points Posted on 21 August 2021

Dear Sir,

I am working in construction company, our project start in Gujarat. In that project we construct  shed ( Some Part is Removable it use in upcoming project also) for self use then that cost book in fixed asset building or charged as expenses.

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On 21 August 2021 at 10:43 Report
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Quick Summary
This discussion explores the accounting treatment for construction site assets, specifically temporary sheds intended for reuse in future projects. The core question is whether the cost of such assets should be capitalised as a fixed asset or expensed. The aim is to clarify the reasoning behind classifying these assets.

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Chartered Accountant
16188 Points Posted on 21 August 2021
It should be treated as assets
1 Reply
On 21 August 2021 at 11:04
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Accountant
24 Points Posted on 21 August 2021

can you please explain the reason

1 Reply
On 21 August 2021 at 16:18

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