Reversal of CIP Cost

Hi All,

Suppose my CIP asset has several source lines and we decide to reverse the CIP cost since the project was not materialized

What is the workaround or standard process for me to reverse the CIP cost

1. Source lines for services cost will be reclassed to Expense while lines for cost of goods will be reclassed to other asset category
2. All source lines or the total CIP cost for the asset will be reclassed to expense account

Thank you