If asset is to be further depreciated after Lease Term before you would need to create Fixed Asset card yourself or account for it some other way.
Now you can select Create Fixed Asset on Expiration flag in Lease (even middle of it. Just before expiration).
Editable Property
Flag becomes editable if Lessee gets Title of Ownership is set to Yes and Lease Category is not one for Fixed Assets (as it would have FA card from start).
After selecting this flag just post your lease as normally and upon expiration FA card will be created. Before this you need to have FA Setup done.
After expiration lease is transferred over to Archived leases with entries closed out. But there is still balance on Asset side as it was used in creating a new Fixed Asset Card.
In image examples Lease is for 4 years and ends in 2027-12-31. But we move economic life of lease up to 10 years changing depreciation amount each month so it covers it over 10 years.
This is what gets transferred over. 6 years left on depreciation and Closing balance of last month on Lease.
