What do I include in Capital expenditures for Depreciable Assets (Item 12)?
Capital Expenditures are a capital outlay that is chargeable to the fixed assets account and for which depreciation or amortization reserves are maintained. INCLUDE: • Capital Expenditures during the year that were actually made during the year, not the final value of equipment put in place or the buildings completed during the year – add the cost of additions completed during the year to the construction in progress at the beginning of year to compute capital expenditures for long-term projects in progress. • Capital improvements and new additions in progress are considered assets, as well as capital expenditures • Capital Expenditures during the year for new construction whether on contract or by your own work force • Value of all machinery and equipment, buildings, and capitalized improvements and repairs whether purchased or produced by employees of your own company • Value of any machinery and equipment or structure transferred to the use of the of this establishment by the parent
