Removing an Active Asset

• How do I remove an Active Asset that was incorrectly created? 
• How to delete an Active asset? 

Capital Assets

Asset was entered by mistake or has incorrect info that cannot be removed

If the only transaction on the asset is the activation:

1. Process a Reverse Asset Activations transaction:  How to process an asset Activation Reversal
2. 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: 

1. Use the Depreciation Reversal program to reverse any depreciation that has already been taken.  Refer to How to reverse depreciation for Depreciation Reversal instructions.
2. If the depreciation checkbox is enabled on the asset, process an Adjust Asset Values transaction to disable it
3. In Adjustments and Retirements, process a Retire Assets or Dispose Assets transaction