CIP Write off

I am trying to figure out the best way to handle CIP amounts that need to be written off.  I am using Projects to collect my asset costs andI have some capital projects that have expenditures on them that are sitting in CIP.  The Buisness has decided that the projects no longer have the required rate of return and that the expenditures on the projects need to be written off.  I have come up with a few options 1. Create a new expenditure type that with a negative miscellanous transaction will credit the CIP account and debit the gain/loss account.  The