2007-11-10 17:56:31 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
If a fixed asset is under construction, construction in progress forms part of fixed assets, it's just that this category of fixed assets will not have depreciation, since it's not ready to be put to use. So for construction in progress, the cost to date will be the net book value also.
2007-11-10 23:02:13 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
Capital work in progress is the same as Construction in progess(an asset) and the liability account of advanced billing.
So,no, that's like adding apples to oranges.
2007-11-10 18:18:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Capital Work in Progress forms part of Gross Block of Fixed Assets. It is to be added to the Gross Block, but no depriciation is to be provided to it.
2007-11-11 16:36:45 · answer #3 · answered by king 4 · 0⤊ 0⤋
on the different hand, capital paintings in progression isn't yet effective; it does no longer generate revenues. which includes it contained in the calculation of fastened asset turnover distorts the authentic turnover ratio.
2016-10-24 00:39:21 · answer #4 · answered by ? 4 · 0⤊ 0⤋