If the only transaction on the asset is the activation: - Process a Reverse Asset Activations transaction: How to process an asset Activation Reversal
- In New Assets, pull up the asset and click Delete
If additional transactions have already been posted to the asset and an activation reversal is not possible: - Use the Depreciation Reversal program to reverse any depreciation that has already been taken. Refer to How to reverse depreciation for Depreciation Reversal instructions.
- If an adjustment/improvement transaction was done process an Adjust Asset Values transaction reversing what was done
- If the depreciation checkbox is enabled on the asset, process an Adjust Asset Values transaction to disable it
- In Adjustments and Retirements, process a Retire Assets or Dispose Assets transaction
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