Does capitalization threshold functionality work with setup for GASB34 asset accounting?

Summary:

We have configured Assets to comply with the GASB34 asset accounting rules. In short, GASB34 asset accounting configuration allows you to expense your fixed assets for traditional fund accounting and also capitalize and depreciate these fixed assets as required by GASB34.

Due to the above configuration, FA-related invoices do not use the asset clearing account. Instead, expense accounts are used.

We are trying to see if the capitalization threshold feature will work in this environment, but it appears, based on what I have read, that the threshold feature requires you to use the asset clearing account.

Can someone confirm this?