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10. PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
--- | ---
Dec. 31, 2018
Property, plant and equipment [abstract] |
PROPERTY, PLANT AND EQUIPMENT |
|  |  |  |  |  |  |  |  |  |  |  |  | Consolidated
| Land |  | Buildings and Infrastructure |  | Machinery, equipment and facilities |  | Furniture and fixtures |  | Construction in progress |  | Other (*) |  | Total
Balance at December 31, 2017 | 279,740 |  | 2,796,947 |  | 11,985,920 |  | 33,103 |  | 2,475,935 |  | 393,194 |  | 17,964,839
Cost | 279,740 |  | 3,819,929 |  | 21,674,362 |  | 164,152 |  | 2,475,935 |  | 669,096 |  | 29,083,214
Accumulated depreciation |  |  | (1,022,982) |  | (9,688,442) |  | (131,049) |  |  |  | (275,902) |  | (11,118,375)
Balance at December 31, 2017 | 279,740 |  | 2,796,947 |  | 11,985,920 |  | 33,103 |  | 2,475,935 |  | 393,194 |  | 17,964,839
Translation adjustment | 7,730 |  | 11,653 |  | 86,553 |  | 543 |  | 4,275 |  | 4,605 |  | 115,359
Acquisitions | 622 |  | 1,259 |  | 144,499 |  | 1,574 |  | 1,158,788 |  | 21,152 |  | 1,327,894
Capitalized interest (notes 25 and 30) |  |  |  |  |  |  |  |  | 71,611 |  |  |  | 71,611
Write-off and estimated losses, net of reversal (note 24) |  |  | (9,768) |  | (21,468) |  | (6) |  | (4,348) |  | (2,655) |  | (38,245)
Depreciation (note 23) |  |  | (134,534) |  | (1,043,188) |  | (5,394) |  |  |  | (22,456) |  | (1,205,572)
Transfers to other asset categories |  |  | 30,031 |  | 685,005 |  | 891 |  | (424,443) |  | (291,484) |  |
Write-off - sale of subsidiary LLC | (238) |  | (16,950) |  | (145,958) |  | (181) |  | (6,070) |  | (21,829) |  | (191,226)
Transfers to intangible assets |  |  |  |  | 5,559 |  |  |  | (1,752) |  |  |  | 3,807
Others |  |  |  |  | (9,651) |  |  |  | 8,440 |  | (392) |  | (1,603)
Balance as of December 31, 2018 | 287,854 |  | 2,678,638 |  | 11,687,271 |  | 30,530 |  | 3,282,436 |  | 80,135 |  | 18,046,864
Cost | 287,854 |  | 3,751,429 |  | 22,426,782 |  | 165,331 |  | 3,282,436 |  | 355,768 |  | 30,269,600
Accumulated depreciation |  |  | (1,072,791) |  | (10,739,511) |  | (134,801) |  |  |  | (275,633) |  | (12,222,736)
Balance as of December 31, 2018 | 287,854 |  | 2,678,638 |  | 11,687,271 |  | 30,530 |  | 3,282,436 |  | 80,135 |  | 18,046,864
(*) Refer basically to railway assets such as courtyards, tracks and leasehold improvements, vehicles, hardware, mines, ore deposits, and spare part inventories. The breakdown of the projects comprising construction in progress is as follows:
|  |  |  |  |  |  |  | Consolidated
|  | Project description |  | Start date |  | Completion date |  | 12/31/2018 |  | 12/31/2017
Logistics |  |  |  |  |  |  |  |  |  |
|  | Current investments for maintenance of current operations. |  |  |  |  |  | 89,595 |  | 106,956
|  |  |  |  |  |  |  | 89,595 |  | 106,956
Mining |  |  |  |  |  |  |  |  |  |
|  | Expansion of Casa de Pedra Mine capacity production. |  | 2007 |  | 2020 | (1) | 844,194 |  | 750,999
|  | Expansion of TECAR export capacity. |  | 2009 |  | 2022 | (2) | 289,298 |  | 275,811
|  | Current investments for maintenance of current operations. |  |  |  |  |  | 725,616 |  | 408,522
|  |  |  |  |  |  |  | 1,859,108 |  | 1,435,332
Steel |  |  |  |  |  |  |  |  |  |
|  | Supply of 16 torpedo’s cars for operation in the steel industry |  | 2008 |  | 2020 |  | 94,920 |  | 99,483
|  | Current investments for maintenance of current operations. |  |  |  |  | (3) | 558,922 |  | 228,029
|  |  |  |  |  |  |  | 653,842 |  | 327,512
Cement |  |  |  |  |  |  |  |  |  |
|  | Construction of cement plants. |  | 2011 |  | 2023 | (4) | 585,163 |  | 554,865
|  | Current investments for maintenance of current operations. |  |  |  |  |  | 94,728 |  | 51,270
|  |  |  |  |  |  |  | 679,891 |  | 606,135
Construction in progress |  |  |  |  |  | 3,282,436 |  | 2,475,935
(1) Estimated completion date of the Central Plant Step 1; (2) Estimated completion date of phase 60 Mtpa; (3) Refers substantially to the technological modernization of the UPV's continuous running machines; (4) Refers substantially to the acquisition of new Integrated Cement Plants The average estimated useful lives are as follows, in years:
|  |  | Consolidated
| 12/31/2018 |  | 12/31/2017
Buildings | 38 |  | 39
Machinery, equipment and facilities | 22 |  | 21
Furniture and fixtures | 11 |  | 12
Others | 15 |  | 17
10.a) Capitalized Interest As of December 31, 2018, the Company capitalized borrowing costs amounting to R$71,611 in consolidated (as of December 31, 2017, R$91,957 in consolidated). These costs are basically estimated for the mining projects, mainly relating to the expansion of Casa de Pedra (MG) and TECAR (RJ), see notes 25 and 30. The rates used to capitalize borrowing costs are as follows:
Rates |  | 12/31/2018 |  | 12/31/2017
Unspecified projects |  | 6.31% |  | 8.63%

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