Does any one have experience with customer owned tooling, example, a manufacturer builds tooling for a customer and invoices for the cost. The tooling remains in the possession of the manufacturer for the sole use of the customer in creating product. The manufacturer would like to carry the tooling on his fixed asset register at "0" cost for visability.
Any insight into this would be appreciated
Have you considered transfer ownership to the customer and then bring it back in as a consignment item. Could show as a zero balance asset.