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How to write down the value of an asset, without actually retiring it?

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edited Dec 9, 2023 12:53AM in Assets 1 comment

Summary:

How to write down the value of an asset, without actually retiring it?

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Hello

Some assets are moving out another office building. They are capitalized assets and mostly fully depreciated.

Financial user wants to reduce the values to zero in Dec (without reverse original value & depreciation) and record the gain & loss in account 553100 – Gain &Loss sale of assets.

Will you please let me know the best option to  write down the value of an asset, without actually retiring it?

Thanks

As far as I know there are some options

1.-Enter Unplanned for remaining NBV. See Note 2206022.1 - How to Enter Unplanned Depreciation on an Asset?

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