Construction in progress
Assets under construction are a balance sheet item of tangible assets prepare their accounts company , focusing on still finishing process contained systems relates.
General
Not all reported tangible assets (such as factory buildings , administrative buildings or mechanical equipment ) are completed and therefore available to the operating purposes are available. If such systems are not yet completed on the balance sheet date , they must be capitalized as systems under construction ; they are not yet available for the operational purpose. The accounting law requires in § 266 para. 2 no. A II No. 4 HGB their (optical) separation from the finished systems.
Imputed interest is already due for assets under construction , but no depreciation yet (see deduction for wear and tear , or depreciation for short).
literature
- Adolf G. Coenenberg , Axel Haller, Gerhard Mattner, Wolfgang Schultze: Introduction to accounting: Fundamentals of bookkeeping and accounting , 8th edition. Schäffer-Poeschel Verlag, Stuttgart 2010, ISBN 978-3-7910-2808-8
- Jürgen Weber, Barbara E. Weißenberger: Introduction to accounting: accounting and cost accounting , 8th edition. Schäffer-Poeschel Verlag, Stuttgart 2010, ISBN 978-3-7910-2923-8
