Asset Accounting

Ownership option on GASB87 leases

On GASB87 leases with an ownership option, the associated classification on the asset is automatically set to purchased. When the leased asset is created, the classification is automatically changed from Finance to Purchased.

1. Create a GASB87 lease.
2. Select the purchase option.
3. Create a new asset.
4. Verify that when asset is created, the asset classification is automatically set to purchased.

JR-3376473

GL account is added to the Asset Projection report

The Depreciation Expense Account field is displayed on the appropriate reports for the Asset Projection Report job.

1. Verify that the Depreciation Expense Account column is available for various sort options of the Asset Projection Report.

JR-3289424