For capital assets, you must specify whether to capitalize or expense each transaction charged to a capital project. The capitalizable classification is similar to the billable classification for transactions charged to a contract project. The task and transaction controls you define determine the default value for this classification.
Note: You cannot make an election on how to account for retirement costs for retirement adjustment assets. Oracle Projects automatically classifies retirement costs as cost of removal or proceeds of sale based on the expenditure type you use for retirement transactions.
To specify the level at which a capital asset transaction is capitalized:
Decide at which level you want to specify if a transaction can be capitalized, then navigate to the appropriate window, as shown in the following table:
| Control Level | Window |
|---|---|
| Entire Task | Task Details |
| Employee | Transaction Controls |
| Expenditure Category | Transaction Controls |
| Non-Labor Resource | Transaction Controls |
| Expenditure Item | Expenditure Items (Tools menu) |
Select the Capitalizable check box for the task control level you want.
Save your work.