Hello experts, I'm wondering if it's possible to create a dedicated general ledger (GL) account for asset impairment-related expenses. For instance, let's say I have an asset with a net book value (NBV) of $10,000 that I plan to fully depreciate in the next two months by posting extra unplanned depreciation. However, I don't want this unplanned depreciation to appear as part of the regular depreciation expense in the profit and loss (P&L) statement. Instead, I want to record it as a below-the-line expense. Currently, all depreciation expenses are recorded in a dedicated GL account above the line. Is it feasible to set up a dedicated GL account specifically for asset impairment costs? I would appreciate your advice on this matter.
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