What is asset capitalization date? and asset value date...what is difference between them. I have come across definitions still not clear...can any body explain with example...Thank you.
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Answer Posted / jack
Asset capitalization date:
The system enters the asset value date of the first posting
that results in the capitalization of the asset in this field.
Use:
The capitalization date is the value date of an asset. You
can also enter this date manually when creating an asset.
However, this does not lead to the asset being capitalized,
but only to this date being the default for the asset value
date when the first acquisition is posted.
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