Determine the asset under construction, and the asset master record for the completed asset. If necessary, create a new asset master record.

Determine the amount that is to be capitalized.

Determine whether the transfer involves asset acquisitions in prior fiscal years, or if it involves current-year acquisitions.

Transfer the asset amount to the completed asset (  Postings Transfer ). Use the appropriate transaction type (348 for prior-year acquisitions, 349 for current-year acquisitions). Post a retiring transfer from the asset under construction. Within the posting transaction, enter the receiving asset. The asset value date for the transfer is determined for these transaction types by the capitalization date of the completed asset.