Partial Disposal of Fixed Asset

  • Partial Disposal of Fixed Asset

    Posted by Zvika Rimalt on April 30, 2021 at 12:00 am
    • Zvika Rimalt

      Member

      April 30, 2021 at 12:00 AM

      Hi All,

      We have a Fixed Asset business scenario that I am trying to automate.

      It’s a situation where there is a damage to an asset (say – some parts break and need replacement) – so we need to “dispose” a portion of the asset (acquisition + accumulated depreciation), and then acquire the amount for what is spent on the repair and parts.

      So I need an automated way to not only re-value the asset down, but reduce both acquisition and accumulated depreciation at the same time.

      Is there an automation for that?

      ——————————
      Zvika Rimalt
      Functional Consultant
      Vancouver BC
      ——————————

    • Stacy Black

      Member

      April 30, 2021 at 9:47 AM

      Zvika,

      Have you tested the Split option.  Split the asset then dispose of the portion that was damaged.

      ——————————
      Stacy Black
      Senior Application Consultant
      MCA Connect
      Mukilteo WA
      ——————————
      ——————————————-

    • Stacy Black

      Member

      April 30, 2021 at 9:48 AM

      Zvika,

      Have you tested the Split option.  Split the asset then dispose of the portion that was damaged.

      ——————————
      Stacy Black
      Senior Finance Consultant
      MCA Connect
      Mukilteo WA
      ——————————
      ——————————————-

    Zvika Rimalt replied 3 years ago 1 Member · 0 Replies
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