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How to write-off fixed asset setup as one item, but there are 60 separate items???

in Accounting / ERP 4 comments

Hello!

Purchased 60 chairs 30 years ago and the asset was setup as one item. I tried to use Transactions/Asset/Disposal, but because it only displays as 1, I can't write off 35 chairs. I tried entering a percentage, 35/60 = 58.33%, but I wasn't able to.

I think I could accomplish the same thing by adjusting the Asset Current Cost and the Cumulative Depreciation to the amount they should be? Also would need to do a JE, Fixed Assets/Journal Types/Disposal Entries, to correct in the Trial Balance.

Make sense or is there a better way to accomplish this?

Thank you,

Maurice

Maurice Shallow

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