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Fixed Asset _ Compound Asset/Asset Addition
We are a project-based company in the minerals sector with diversified business interests, currently migrating from a legacy ERP to Oracle NetSuite. While NetSuite was recommended by our ERP consultants after requirement analysis, we are now being advised that multiple requirements may need customization.
I am looking for expert clarification from the NetSuite community on some fundamental standard capabilities of NetSuite to help us make informed decisions
📢 1.2) Compound Assets / Additions: Does the system support capitalisation or additions to existing assets? In such cases, can the system handle:
- Additions having the same useful life as the remaining useful life of the original/existing asset?
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