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Material & service converison to asset

May 09 at 03:17 AM

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Hi all,

We have a scenario where business is procuring materials for vendor "A"(Material cost), giving to Vendor "B" for making & conversion(service charges) into an asset & at last will take delivery of a product which will be an asset for business.

Material + service costs are to be capitalized into an asset.

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1 Answer

Jürgen L May 09 at 04:20 AM
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assets cannot be used in a delivery.

So you need to rethink the design "which will be an asset for business".

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