Financial - JDE1 (MOSC)

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Adjusting cost for Asset

edited Jan 28, 2016 4:36PM in Financial - JDE1 (MOSC) 1 commentAnswered ✓

We have a situation where an asset was added in Aug/2014 with zero book value. The reason being, we were waiting for a state sanction ( which is kind of some rebate). Since we need to track the expense (payroll and others) by asset, we entered the asset. It took 5 months to get the book value ( after rebate) and that asset was updated in Jan 2015. We have started seeing this situation more in the past months.

What we did was not correct. Please share what is the best way to tackle this kind of asset whose value would reduced ( due to the pending rebate). I was consider using

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