How do you prevent final depreciation from being taken at retirement or disposal of an asset



Description of Issue

How do you prevent final depreciation from being taken at retirement/disposal of an asset? 



Context

Capital Assets 



Cause

Informational



Resolution

Process an Adjustment transaction to change the depreciation flag to N before retiring/disposing of the asset 



Additional Information

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:

  1. In Adjustments and Retirements with the asset pulled up, click Update

  2. Uncheck the Depreciate checkbox

  3. In the Adjustments and Retirements Warning pop-up, click Yes, Update - Warning message when manually updating an asset in the Adjustment and Retirements program

    1. 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