@nevasha
Expenditures for construction in progress is considered a non-depreciable asset (typically recorded as "Work-In-Progress" on the balance sheet). This treatment is especially appropriate for expenditures that continue from one tax year to another.
Once the actual asset is placed in service, the total expenditures are recorded as a single asset for depreciation. (In accounting terms the WIP total is reclassed to an asset account.)
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