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Technology Stocks : WCOM
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To: BWAC who wrote (10824)6/25/2002 9:58:27 PM
From: Lizzie Tudor  Read Replies (1) of 11568
 
thanks.

We construct certain of our own transmission systems and related facilities. Internal costs directly related to the construction of such facilities, including interest and salaries of certain employees, are capitalized

What are they saying here, is this actually plant&equipment then?

Also included in other intangibles are costs incurred to develop software for internal use. Such costs were $356 million, $160 million and $325 million for the years ended December 31, 1999, 2000 and 2001, respectively. "

This should be capitalized, many companies do this not just AA audited ones.
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