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