Adding Composite Member Assets

Using Asset Basic Information, you must perform these steps to enter composite member assets:

1. Associate the member with a composite asset.

   Select the Composite Asset check box on the General Information page and associate the composite member by selecting a composite asset in the Composite Asset ID field.

2. On the Asset Acquisition Detail page, assign a Capitalize status of To be Capitalized.

   The composite member is uncapitalized with no cost rows. You can use a Profile ID for composite member assets if you want. However, you must use a nonfinancial asset profile. A composite member asset may display an Amount left to Capitalize if it has any acquisition detail. This amount is displayed until the composite member is capitalized into its associated composite asset.

3. Add appropriate acquisition details to the composite member on the Asset Acquisition Detail page.

   Note: A nonfinancial Asset Profile does not contain any book information. On the pages of the Asset Basic Information component, Capitalized Asset should not be selected.

4. Select an asset type (if no profile has been established).

See Adding and Maintaining Asset Information.

See Setting Up Asset Profiles.