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Former Member
Nov 29, 2009 at 10:57 PM

Need Asset Class with depreciation area for Leasehold land (Capital lease)

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Hi,

I have one requirement from the client is going to do CIP settlement for Leasehold Land with userfull life of 28 years and 9 months with capitalization started from Nov09. So to do this type of requirement in Asset Account and is there any asset class ready.

Means Client has take land for lease about 28.9 years and the amount is already paid to the government so now its has to be brought to the books in Asset Accounting.

Can any body help me on this, if any body has done this type of configuration before in Asset Accounting.

Venkat.