Fixed Assets and Depreciation | Fixed Assets
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Changing Methods within an Asset

Changing Methods within an Asset

At times it may be necessary to change a method after the asset has been entered and accumulated depreciation has been applied.

  1. Set asset to status "Hold".

  2. Add the new target method.

  3. Change primary switch to the new method.

    1. This should verify the process to move accumulated assets.

  4. Remove the old method if desired.

  5. Set status to depreciate.