Capital Construction Projects into Fixed Assets

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At the University of Wyoming, we are using projects within PPM to track our capital construction. Has anyone else used this module for this purpose? If so, have you pushed anything completely through the system in order to capitalize the project as an asset. In our case, we are able to move an entire building over to be logged as an asset, but are curious if anyone knows how to separate the individual assets that are not part of the building. For example, we may purchase cleaning equipment like a riding vacuum or mop/floor cleaner system. The price is high enough