Again you said intangible costs when it clearly says intangible...

First 147 Last

Share
Profile

Follow
Hasty78

261 Posts.

49

16/02/19

23:34

Post #: 37460696
Share

Originally posted by Senseightynine: ↑

didn't realise gomspace do in-house development and testing for the software for SAS too.

the intangible costs are all for internal development costs by staff, in-house testing of software and launch systems and proprietary technology.

An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment and inventory

How do you account for a project under construction?
I will assume that the project under construction is a major rebuilding of equipment or an addition to a building. The amounts spent on these projects would be debited to a long term asset account such as Construction Work in Progress. This account is often reported as the last line within the balance sheet classification Property, Plant and Equipment.There will be no depreciation until the project is completed and the asset is placed into service. When the completed asset is placed into service, the project's cost will be removed from the account Construction Work in Progress and will be debited to the appropriate plant asset account.

clearly you see that the above paragraph correlates with the screenshot above - no depreciation as its still under 'construction'

Expand

Again you said intangible costs when it clearly says intangible assets

So as per your post a
so Not Physical in nature hmm what isn't Physical in nature but would cost a lot of money? I know a CDR!

so now they are under construction?
"no depreciation as its still under 'construction'

And assets don't depreciate until they are being used.

SAS Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

RCE

Recce's R327 found effective against E.coli during clinical trial

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit