How can I incorporate Work in Process into Asset Management?

Hello Everyone,

I have requirement from our client, that they are creating a new asset, for example building, software etc. Construction and/or development is done in phases. Now they want to report that asset as WIP during its development phase, but when it is completed, change its status as In Service and charge depreciation upon it.

Now I have a question that How can I incorporate that asset while in Work In Process in Asset Management??

Our client have only Asset Management, Accounts Payable, Accounts Receivable, Cash Management and General Ledger modules.

Thanks in advance.