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.
The direct purchase of a fixed asset using the Accounts Payable System.
Improvements to a fixed asset using the Payroll System.
Transferring the cost of inventory items to the Fixed Asset System.
Accumulating costs to the Job Costing System and later transferring them to a fixed asset.