Description of Issue

Context

Capital Assets

Cause

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

Resolution

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

Additional Information

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