I am looking to detail out how a project would be associated to a fixed asset and upon completion the WIP costs would increase the value of the fixed asset.
I know I can use an internal project and do something similar to that but it still requires me to do a write up of the fixed asset manually, I believe. So is the investment project truly working where I can eliminate the WIP to the fixed asset and it will increase its value?
If so does anyone have insight to how the investment project, estimates that are needed for the investment project, and how to write up an associated fixed asset would work?
Thanks