How can I manage a negative fixed asset in NetSuite, either using the Fixed Assets Module or without it, in the case of a government subsidy

AI generated answer (using internal Slack threads):

In order to manage a negative fixed asset in NetSuite, you can use the Fixed Assets Module (FAM) or handle it manually without the module. If you are using the FAM, you can create an asset with a negative value. This can be done by entering a negative amount in the 'Cost' field when creating a new asset. However, please note that this might not be a standard practice and could lead to complications in your accounting records. If you are not using the FAM, you can handle this manually by creating a journal entry to record the negative asset. You would debit the fixed asset account for the amount of the subsidy and credit the government grants account. This will reduce the carrying amount of the fixed asset on your balance sheet. In both cases, you should consult with your accounting team or a NetSuite professional to ensure that this is the correct approach for your specific situation. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******