8.1 Direct Purchase of a Fixed Asset

You have the capability of accumulating costs to the Fixed Asset System using the Accounts Payable System, the Payroll System, the Inventory Control System, and the Job Costing System. The following fixed asset transaction procedures are covered in this section.

fjpman20000000.gif The direct purchase of a fixed asset using the Accounts Payable System.

fjpman20000000.gif Improvements to a fixed asset using the Payroll System.

fjpman20000000.gif Transferring the cost of inventory items to the Fixed Asset System.

fjpman20000000.gif Accumulating costs to the Job Costing System and later transferring them to a fixed asset.