Managing Independent assets in Project Costing
In projects in general, there are cases in which, as part of the projects, assets are purchased. For example, if we are remodeling an office, assets are acquired that are needed to be tracked as part of the project budget and cost but not to be added to Fixed Asset as a cost element of the capitalized project value, if for this project, a new projector and furniture is acquired and it is part of the project budget, when we capitalize the project, the remodeling of the office will be added to the original building asset but the projector and