Sample Disclosure – Accounting Policy On Property Construction-in-progress (28 Ocotber 2009)

Property construction-in-progress

Property construction-in-progress is stated at cost and not depreciated. The property would be transferred to property, plant and equipment or investment property (depending on the intended purpose and use of the property) upon completion.

Note: The balance of unrecognized amount of property construction-in-progress compared to the contracted full price is disclosed as capital commitment

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