How to capitalize Project Allocated Inventory and convert to fixed asset

Summary:

Requirement is to Purchase Inventory items with cost to a common Project and then allocate to specific Projects and perform regular inventory transactions. At some point that Project Inventory needs to be capitalized and added as fixed asset.

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We understand the new functionality of converting Inventory Expense items upon receipt to fixed asset. However our requirement is to Purchase into inventory destination and perform project based inventory transactions until later time to fixed asset.

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