Return of a FA

Return of a FA

New postby user on Fri Feb 19, 2010 11:02 am

We purchased two items and then three months later we returned them and replaced them with new and different items with different purchase amounts. How do I handle the return of the two items.
Kathleen Gross
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Re: Return of a FA

New postby Support on Fri Feb 19, 2010 4:15 pm

You can delete the two original assets from Asset Keeper and then manually enter the three assets as new purchases.

Keep in mind that the two original assets won't have any depreciation for tax purposes because they were basically purchased and disposed on in the same year. However, you might have depreciation for Book and may need to make an entry to your GL.

Thanks
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