Disable & Re-enable Depreciation
Our customer has a requirement to create any CIP assets (or more specifically, to transfer project assets from PPM) that are not capitalized by the end of the fiscal year. We know that there is the ability to disable depreciation (unclick the depreciation checkbox) for the asset when created, however it appears that this cannot be re-enabled once the asset is posted and/or once create accounting runs for this asset.
We are assuming that this is expected functionality? (There would also be the problem of catchup depreciation being created from the placed in service date).
Our plan is to create a CIP asset and then capitalize it once it is in service (eg. in the following year), however we wanted to confirm that the depreciation flag is not meant to be "re-enabled" later.