Fixed Assets - EBS (MOSC)

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Assets need to be created in a different Logical Book and will be received in another Book

edited Feb 24, 2014 6:48AM in Fixed Assets - EBS (MOSC) 15 commentsAnswered

Hi,

We have created a Logical Book whereby Assets need to be recorded for "IT" Asset Category. However, it will be received and first recorded another book. So, I have thought of developing a concurrent whereby it will run daily and retire the assets being created in the book on the same day it got created and then add it in logical book.

It will retire on the same day such that:

1.Proceed of sale equals Cost,

2. Gain/loss is Zero

3. No effect of depreciation comes. As asset needs to be depreciated in Logical Book only.

Is the same feasible?

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