Asset Management - Impaired Capital Asset
We use the Asset Module, via activities, to create capital. We need to impair some of our assets. The entry would generally be:
Dr. Accumulated Depreciation (Contra Asset) XXX
Dr. Impairment Charge (Expense) XXX
Cr. Building (Asset) XXX
Has anyone had to do this in Lawson and how did you handle in the AM module. The assets will have some life left on them and need to continue depreciating. I have a couple ideas, adjustment, offset, etc. but was curious if someone had best practice so reports and reconciling would be cleaner.