Hello, we have questions about best practices for Fixed Assets for the following 2 items:
- a. Permanent ID identifier that attaches to the asset so we can track the history of the asset. For depreciation we need to be able to find a way to automate/match the assets that go into inventory and back out as Used or EMV upgrade ATMs and to capture the upgrade costs. We also need to know if the asset is ultimately scrapped.
- b. We need to track the asset location throughout its history to know where and when tax has been paid. The current GP Fixed Asset export does not contain location detail. This makes state audits and state apportionment difficult.
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