The land purchased by real estate enterprises for the construction of commercial housing should be included in the inventory together with buildings, and the land purchased by real estate enterprises for the construction of self-use factories should be regarded as intangible assets.
The main business of real estate enterprises is the transaction of commercial housing, and the transaction of commercial housing is bound to be accompanied by the transaction of land use right, that is, real estate enterprises should take land use right into account when carrying forward the cost of commercial housing, so land use right should be regarded as the inventory of real estate enterprises, because only inventory can carry forward the main cost. The concept of real estate should be understood from two aspects: real estate is not only an objective material form, but also a legal right. As an objective material form, real estate refers to real estate and real estate, including land and permanent buildings on it and their derivative rights. Real estate refers to all kinds of houses built on land, including houses, factories, warehouses, businesses, services, culture, education, health, sports, office buildings and so on. Real estate refers to land and certain space above and below it, including all kinds of underground infrastructure and ground roads.
There can be three forms of existence: land, buildings and real estate. In the auction of real estate, there can also be three forms of existence, namely, land (or land use right), material entities and their rights and interests in the state of integration of architecture and real estate. With the development of personal property ownership, real estate has become the main component of commercial transactions.
Is land leveling fee included in fixed assets or intangible assets?
The land leveling fee shall include the following accounting items:
Land cannot be included in fixed assets alone. For the above-mentioned land leveling expenses, they can be accounted for in the subject of "intangible assets and land use rights" (real estate enterprises can be accounted for in the subject of "development cost"). Depending on the reason why the unit leveled the land, it should be recorded in "construction in progress-deferred expenses".
It should be added here that the purpose of land leveling is to eventually build factories and office buildings. Land leveling is an indispensable link in the process of building factories and office buildings, and the expenses incurred are also indispensable for the formation of fixed assets such as factories and office buildings. Therefore, it can be collected in the subject of "construction in progress-deferred expenses" first, and then merged into "fixed assets" when the factory buildings and office buildings reach the predetermined usable state (after completion, it will be recorded as "fixed assets"