Meaning Allowance for funds used during construction
What does Allowance for funds used during construction mean? Here you find 3 meanings of the word Allowance for funds used during construction. You can also add a definition of Allowance for funds used during construction yourself
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Allowance for funds used during constructionA component of construction costs representing the net cost of borrowed funds and a reasonable rate on other funds used during the period of construction. AFUDC is capitalized until the project is pla [..]
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Allowance for funds used during constructionAFUDC is a component of construction costs representing net cost of borrowed funds and a reasonable rate on other funds used during the period of construction. AFUDC is capitalized until the project is placed in operation by concurrent credits to the income statement and charges to utility plant, based generally on the amount expended to date on th [..]
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Allowance for funds used during constructionFunds listed in the income account as a subdivision of “other income.” They represent amounts concurrently credited for interest charged to the cost of constructing new plants, based generally on the amount expended to date on particular projects.
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