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Impairment direct from CIP

Received Response
edited Oct 1, 2020 8:44AM in Assets 4 comments


Impairment direct from CIP, rather than capitalising first


Is there functionality to process an impairment or write-off CIP assets (for example in the instance of an IT project that has been cancelled)?

Clearly there is functionality to do it for capitalized asset. Currently we are having to capitalize the asset and after that, impair. This overstates transfers between asset groups.

It would be nice to have the ability to impair a CIP asset directly instead of capitalize the asset before posting the adjustment.

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