Full value of buildings not included in financial statements

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Guest

Full value of buildings not included in financial statements

Post by Guest » 17.02.2007, 17:15

After purchasing an expanded building from another user, the full value of the building is not reflected in the Fixed Assets section of the statement.

I purchased a 100qm RC building, and only the 150,00c value of the original building shows up instead of the original purchase + 80qm of expansion that would be recorded in a real world transaction. Actually, the purchase price is what should really be recorded since that's what my company actually invested in the building.

Company ID: Bounder Industries

Guest

Re: Full value of buildings not included in financial statem

Post by Guest » 17.02.2007, 17:23

Sorry, I don't undesrstand evrything:

You mean that your fixed assets is 150.000,00

Guest

Post by Guest » 17.02.2007, 17:27

Yes, that's along the lines of what I'm saying. I'd actually think that my fixed asset value should be 1,000,000 higher instead of 150,000 higher.
Last edited by Guest on 17.02.2007, 17:48, edited 1 time in total.

Guest

Post by Guest » 17.02.2007, 17:32

racingtigger wrote:Yes, that's along the lines of what I'm saying. I'd actually think that my fixed asset value should be 1,000,000 higher instead of 150,000 higher.
No, only 450.000

Guest

Post by Guest » 17.02.2007, 17:41

If I had built the building myself (150,000c in a red area) and then expanded it 80qm, the total expense I would have incurred, not including materials and time, would have been significantly more then 450,000c. I'm not sure what the expansion expense per qm is, but I'm sure it's more than 3,750c in a red area, isn't it? Isn't the cost more like 9,000c per qm or am I thinking of another building type?
Last edited by Guest on 17.02.2007, 17:48, edited 1 time in total.

Guest

Post by Guest » 17.02.2007, 17:45

racingtigger wrote:If I had built the building myself (150,000c in a red area) and then expanded it 80qm, the total expense I would have incurred, not including materials and time, would have been significantly more then 450,000c. I'm not sure what the expansion expense per qm is, but I'm sure it's more than 3,750c in a red area, isn't it? Isn't the cost more like 9,000c per qm or am I thinking of another building type?
I think your a thinking of a well ;)

Mine&Well RC (from kapitools.de - translation into english):

Building charges: 150.000,00

Guest

Post by Guest » 17.02.2007, 17:47

AHA! I knew I saw a more expensive value somewhere. Just couldn't check for myself since all my buildings are in use at the moment.

Thanks for the clarification!!

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