10.0139 Fixed asset classes-6. Work in progress.

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6. Work in progress: This classification will apply to construction projects which have been started but not completed and accepted. Temporary records will be maintained to support the value of the work in place as reported. The department of administrative services will be required to furnish a copy of each paid partial payment voucher in order that the property

records may be in accord with that of the department of administrative services. On the satisfactory completion of the project and its acceptance by the ASG, the total cost of the completed project will be added to the appropriate inventory account.

History: Rule 3.78, eff 17 Apr 78,300 GASM § 6.60