Discussions
Can Compound Fixed Assets depreciate to different accounts?
I have MANY Computer Hardware fixed assets this month where the depreciation needs to go to TWO different accounts. All of them are under the same subsidiary and will be depreciated over the same period of time. For example, let's say it's a piece of HW costing $10,000. 1) $5000 needs to be expensed to Project A, and 2) $5000 to project B. #1 will be expensed to a direct depreciation account, say 56910, and #2 needs to be expensed to a different account, say 66910, for indirect depreciation expense. Is that possible?
Or would it be better to create a Parent/Sub-Asset relationship to marry the two components?