Defining Fixed Asset Items in Item master

Hi,

We have a scenario that we need to define FA Item in Item Master with the following attributes. Please let me know the implications.

1. Inventory Item - Yes

2. Stockable     - Yes

3. Transactable - Yes

4.Inventory Asset Value - No

5. Costing enabled - No

6. Asset Category - Yes

7. Expense Account = Asset Clearing Account

The customer want to receive the FA Items (PO Receipt) to an expense sub inventory and issue.

Thanks in advance.

Regards

Senthil