Capitalizing - Capitalizing Fabricated Assets

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Distribution

Director of Fixed Assets Accounting

FA Administrator

FA Plant Funds Manager

Related Procedures

None

Ownership

The Director of Fixed Assets Accounting is responsible for ensuring that this document is necessary, that it reflects actual practice, and that it supports corporate policy.

Find Assets

IS Assets
N ® Assets ® Capitalize CIP Assets
Capitalize CIP Assets

Capitalize CIP Assets

You capitalize a CIP asset when you are ready to place it in service.

1. Open the Capitalize CIP Assets window, and find the CIP asset types.

2. Enter the date you placed the asset in service.

3. Select the CIP asset(s) that you want to capitalize by selecting the corresponding checkboxes. Choose Check All from the Special menu to capitalize all the assets in the window.

4. Click [Capitalize].

Note: If necessary, use the Asset Workbench to override the depreciation rules redefaulted from the asset category.

You may capitalize assets in a single transaction in the asset addition period or in a later period.

Effective: 08/16/04

Revision: 2

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