0 votes
1 view

What Is An "asset Under Construction"?

ago by

1 Answer

0 votes

AuC’s can be used to track investment cost during projects or asset assembly. Following completion their costs can be settled to other fixed assets or to other CO cost objects such as real internal orders or cost centres.

For example, the construction of a new building, the various costs involved (engineering, utlity cost etc) could be collected under an AUC, before being settled to an asset under the 'buildings’ asset class at the end of the project.

AuC’s generally are not depreciated until completion.

ago by
...