Asset as material

Hi All,
I am not sure if this question should be posted to FI. the scenario is, Customer has a land maintained as asset for company. they create plot out of them and sell them. They want to maintain the inventory of plot, create them as material so that in SD, all pricing and availability check etc can be maintained for the same. Is there any way of converting this asset into material (for ex initial 100 acres of land as asset then out of them they convert 10 plots of 10 acres , giving product code to each plot ) ?
The issue is to reduce the asset value and create the material inventory out of them.
Please suggest if there is any other way to map this in SAP MM or FI.
thanks,
Binita

Hi,
Yes, you can treat that as an asset,
Basically the procedure is as follows,
We can create as an asset till the plot is under construction, finance can treat that as an asset under construction. Once the plot is constructed then you can assign the asset number. After that you can do asset retire so that asset is no more.
Then you can sell that product based on plot value.
But however i can see one issue that asset depreciation and how to capure the correct asset value.
As per the standard asset properties FI will be doing asset depreciation but where as in your case plot value increases.
Check with finace when you go for a solution.
Thanks,
Satya.

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    < MODERATOR:  Message locked.  Please read the [Rules of Engagement|https://www.sdn.sap.com/irj/sdn/wiki?path=/display/home/rulesofEngagement] before posting next time. Do not post in multiple forums.>
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