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Construction Contracts – Inventory and Depreciation

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Construction Contracts – Inventory and Depreciation

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
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  • April 14, 2011 at 1:27 pm #48095
    smileyface123
    Member
    • Topics: 5
    • Replies: 1
    • ☆

    How to you account for inventory and depreciation in construction contracts?

    TIA

    April 15, 2011 at 11:59 am #80845
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Inventory is deducted from the “Costs to date”

    Depreciation as added to the “Costs to date”

    does that help?

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