Assets under construction are assets which are being constructed by ourselves for

own use. They are still being constructed. For example a company may construct
a specialised drilling machine for its own use.
While self-constructed assets are those assets which are now in use but were
constructed by ourselves.
Costs incurred except general costs and general overheard are added to the
assets under construction e.g. material costs, salaries for employees involved in
the construction.
Interest incurred during the course of construction are capitalised when they are
eligible for capitalisation. IAS 23 Borrowing Costs.
Internal profits and abnormal costs should not be included in cost.

We do not depreciate assets that are under construction as are not yet in use.