Couple of questions

Hi Team

we are in the midst of a fresh implementation. Need to address some of the client requirements which are as below.

1. An expense item (eg: sparepart), whose cost is more than USD 3000 and increases the useful life of the asset, needs to be capitalised. So what client is expecting that when a PO is issued it not known to the Procurement team whether this item would be expensed or capitalised. So in scenarios where it satisfies both the conditions, more than USD 3000 and increases the useful life, these expenses should be capitalised. IS THERE AN ACHIEVABLE SOLUTION.

2. Need to expense and track as an asset those asset items which costs less than USD 3000). Is there a solution.