Expense item create asset on receipt & monthly invoice for installment payment

Summary:

Customer has requirement that high value asset purchase on multiple pay agreement with supplier ,on receipt would like to create fixed asset for expense destination PO ,system not create any asset when we run 'Transfer Receipts to Mass Additions'.

e.g

Requisition/ PO created for high value item 1 qty unit price $100,000 , Item 1 Qty received

As per agreement supplier will send monthly invoice $100,000/36 which is $ 2777.78 first month.

Customer would like to create asset and capitalize 80% of $ 100,000 , also expense 20% ( insurance amount) as expense.

Need advise on the below.

Do we need item code mandatory for expense PO to create asset on receipt ? ( not on invoice level)