Construction Contracts – Inventory and Depreciation

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April 14, 2011 at 1:27 pm #48095
smileyface123
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How to you account for inventory and depreciation in construction contracts?

TIA
April 15, 2011 at 11:59 am #80845
MikeLittle
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Inventory is deducted from the “Costs to date”

Depreciation as added to the “Costs to date”

does that help?
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