Process to convert the finished goods into an asset
Summary:
How can we create an asset from finished goods.
Content (please ensure you mask any confidential information):
Our client is into a manufacturing industry and make a products (Machines), which is sent to customer locations on subscription basis. Once the machine is manufactured, we keep it under the finished goods until the customer gets the subscription. Some time, the subscription process takes the time so we will need to convert this finished good (machines) as an asset so that we can depreciate it until its moved to client location
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Code Snippet (add any code snippets that support your topic, if applicable):