Skip to main content
close search
site logo
Nanda K. Kuppusamy CPA,CMA,CGMA's headshot
Nanda K. Kuppusamy CPA,CMA,CGMA Analyst

Accounting Entries for a new building...

Asked on April 5, 2016

We have an office building and a piece of unused land adjoining the building. The proposal is to partially demolish the existing building and construct a new complex using the land. My question is :- 1. How do I treat the proposed conversion in the books? ie . What are the accounting treatment for this conversion? 2. What accounting standard should I be referring to do my research? Just a high level input would be great. Thank for your time.

Want to join the conversation? Submit an answer or ask a question by emailing us at [email protected]

Submit an answer
Filed Under: Accounting
Industry Dive is an Informa TechTarget business.
© 2025 TechTarget, Inc. or its subsidiaries. All rights reserved. | View our other publications | Privacy policy | Terms of use | Take down policy.
Cookie Preferences / Do Not Sell
This website is owned and operated by Informa TechTarget, part of a global network that informs, influences and connects the world's technology buyers and sellers. All copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. TechTarget, Inc.'s registered office is 275 Grove St. Newton, MA 02466.