Fixed or Current Asset?

Jan 10, 2012 0 Replies

I played around with a copy of my company file and changed my property from Inventory to Other Current Asset and that is getting rid of my COGS issue. This is a property acquired for rental, but capital improvements to prepare it for the rental market. My question is should I use current asset and then move to the Fixed Asset Manager when the property is available for rent or should I place it directly into a fixed asset account?


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