Fixed Assets - EBS (MOSC)

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Adding Assets with Zero Cost, but have a Fair Market Value-Fixed Asset Subledger 11i

edited May 21, 2010 10:55AM in Fixed Assets - EBS (MOSC) 7 commentsAnswered
   Hello all,

We are in a situation where we were essentially gifted assets, thus they have no recognizable costs, but they do have a value (fair market) and can be utilized at one of our sites.  Is there a way to put NBV into the FA subledger without putting cost onto the books?  We need to keep the cost off of the books due to the management of our capital expenditures.  Thanks for any and all help!

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