How to partially dispose of an asset in Lite Depreciation

Resolution

In Sage Fixed Assets - Lite Depreciation:

 

  1. From the Asset Detail screen:
    1. Click Replicate an Asset from the available Tasks on the left; or from the top menu bar: click Asset, Replicate...
    2. Enter the number of copies to create.
    3. Click OK to create copy(s) of the asset.
  2. Inactivate the original asset. Click Asset, Inactivate.
  3. Modify the Acquisition Value on each of the Replicated assets to be the part of the original values desired. The total of the replicated assets Acquisition Value will be equal to that of the original asset.
    • Note: If the Original asset had the Beginning Date, Beginning YTD, and Beginning Accumulated field populated, the replicated assets Beginning YTD, and Beginning Accumulated (Beginning Date will remain the same) will need to be populated in the replicated assets based on the new Acquisition Value percentage of the original asset.
    • For Example: Original asset's Acquired Value is $10,000 and it is split in to a $6,000 and a $4,000 asset, then 60% of the Beginning Accumulated depreciation will go into the $6,000 asset at the same Beginning date as in the Original asset.
    • Optional: In the Notes Tab of the Inactivated asset and all new replica assets enter notes referencing to how the original was split for a paper trail.
  4. Dispose the asset(s):
    1. Go to the Asset Detail: Click on Dispose an Asset from Tasks on the left.
    2. On the Transaction window: Enter Disposal Date and hit the Tab key to activate the Disposal fields, enter Disposal Method, and if applicable, Cash/Non-cash proceeds or Expense of Sale.
    3. Click Calculate button to calculate the Gain or Loss.
    4. Click OK to save the disposal.

 

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Related Solutions

How to do a partial disposal

Solution Properties

Solution ID
230515154226167
Last Modified Date
Mon May 15 15:42:26 UTC 2023
Attributes
Product Information
Tier: Lite
Tier: Lite50
Tier: SFA50
Version: 2026-0
Version: 2026-1
Version: 2027-0
Modules: Depr
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