Capitalizing - Reversing the Fabricated Asset

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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.

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

How to Reverse the Capitalization

1. Open the Capitalize CIP Assets window. Find the capitalized assets by using an Asset Type of 'Capitalized' in the Find window. IS Assets displays only assets added or capitalized during the current open period.

2. Select the corresponding check boxes to select the asset(s) that you want to reverse.

3. Click [Reverse].

Note: Reverse capitalization only in the period of capitalization, before depreciation was run in the capitalization period, and if no transactions were performed on it.

Effective: 08/16/04

Revision: 2

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