Costs of self constructed assets

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  This solution is comprised of a detailed explanation to answer what costs should be capitalized for self-constructed equipment.

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  Costs such a demolition of a property to prepare it for new construction are all costs of a self-constructed asset.

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  In general, what costs should be capitalized for a self-constructed asset? c. Discuss the proprietary (give pros and cons) of including in the capitalized cost of self-constructed assets: i.

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  The value can be defined as that which increases the productivity or service quality of an asset, including the reduction of unit cost as part of overhead applied to product. This is a concept of self-constructed assets.

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  In the self-constructed assets also, all the costs will be recorded in the similar way, as it is being recorded when the assets are purchased by the company; whereas in self-constructed assets, one more cost is added, which is interest cost, and this

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  I don't propose an entry for that transaction to fixed assets because we don't know the real cost. Factory supplies don't add to the value of the self-constructed asset and should be ignored for purposes of capitalizing costs.

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  The following information is given relative to costs of the machinery constructed.

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  Installation and testing of factory machinery 2,000 8. Architect's fees on self-constructed building 10,000 9.

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  The company has self-constructed the warehouse located in the town of Baraboo. It has capitalized all payroll expense directly related to construction of the project.