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What the heck is C-W-I-P and Why should I care?

What the heck is C-W-I-P and Why should I care?. So what is CWIP, anyway?. C W I P = Construction Work in Progress. More About CWIP. Accounting process Holding account for property costs not yet ready to be placed in service Completion Asset placed in service

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What the heck is C-W-I-P and Why should I care?