Fixed Assets

hot333food
Registered Posts: 1 New contributor 🐸
Hi there,
Can someone please help. If a new building is being constructed, what do charges for utility connections come under?
Many Thanks.:001_smile:
Can someone please help. If a new building is being constructed, what do charges for utility connections come under?
Many Thanks.:001_smile:
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Comments
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Hi there
I would have thought that the utility connection costs would be capitalised because they are costs associated with bringing the asset into use.
But I could be wrong............................. (I am sure someone will tell me if I am).:001_unsure:0