{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/0bf819ecfe574b1481259ddaecd024dc\" frameborder=\"0\" width=\"3022\" height=\"2266\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":2266,"width":3022,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":2266,"thumbnail_width":3022,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/0bf819ecfe574b1481259ddaecd024dc-0a4810514fd69076.gif","duration":1131.593,"title":"Receiving Purchase Orders, Serializing Assets, and Capitalizing Costs","description":"This Loom explains how to receive inventory on a posted purchase order, including partial and full receipts with asset serialization, and how equipment costs land once the vendor bill is posted. Using a posted PO from Delta Hydraulics to the Shreveport yard to buy four used scissor lifts and two wood chippers, it shows receiving one unit first, serializing it (for example woodchipper1398), and later receiving the remaining units and serializing again (for example woodchipper1403 and scissor lifts). It notes the purchase order’s expense line for an annual inspection is capitalized and added to equipment initial cost, then the vendor bill reconciles differences. After billing, the wood chipper’s acquisition cost and OEC total $2,502.49, including the purchase price $2,383 plus $79.66 for its share of capitalized inspection, with an additional $39.83 adjustment when the vendor billed the inspection higher than the PO."}