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Status Answered
Created by AgExpert Support
Created on Sep 14, 2018

Disqus Agexpert Accounting Questions Archive

Wondering about entering expenses for construction of a silage bunker - would this be a capital asset purchase to class 6, buildings?
And, would the cost of the building permit also go under capital asset purchase?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Leslie. I would set up a Work in Progress account and apply all the costs (including the building permit) to it until you have completed the project. At that point you can convert the Work in Progress account to a Capital Asset. For a more detailed break down of how to do that, please see this link: http://community.fccsoftwar...

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