incorrect, items that are not physical in form can be classified as property plant and equipment
initial delivery and handling costs;
any costs directly attributable to bringing the asset to the location and condition necessary for it tobe capable of operating in the manner intended by management.
you say:
so now they are under construction? "no depreciation as its still under 'construction'
the term construction effectively means 'work in progress' - ie the asset isn't finished yet.
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