How do you prevent final depreciation from being taken at retirement or disposal of an asset
How do you prevent final depreciation from being taken at retirement/disposal of an asset?Â
Capital AssetsÂ
Informational
Process an Adjustment transaction to change the depreciation flag to N before retiring/disposing of the asset
Best practice is to use a transaction to change asset information whenever possible, but if the only item being changed is the depreciation flag it can also be updated manually:
In Adjustments and Retirements with the asset pulled up, click Update
Uncheck the Depreciate checkbox
In the Adjustments and Retirements Warning pop-up, click Yes, Update - Warning message when manually updating an asset in the Adjustment and Retirements program
If anything other than the depreciation checkbox was updated, click No and use a transaction instead or contact Assets and Civic Support to discuss next steps