Fixed asset accounting

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    Na_me
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    Hi, May i ask if my understanding is correct for fixed asset accounting?

    – We can start depreciating asset for the below condition when asset is placed in service/ ready to use ?
    – if there is no invoice received, we should do accrual to recognize opex > then transfer to AUC if asset is not ready to use
    – if there is no invoice received, but the good is receipt > opex is recognized > transfer to PPE > start depreciating asset when asset is ready to use ?
    – whether the invoice is not paid , we still depreciating asset when it is ready to use..

    Kindly advice if my understanding is correct or not.
    Thanks again

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