TABLE OF CONTENTS

• Summary
• End Result
• Method
• Considerations

Summary

This article explains how to dispose / write off part of an Asset

End Result

Part of the asset will be written off while the rest will remain to continue to be depreciated 

Method

There is no set procedure for this the below instructions are a workaround to achieve the same result

If a partial asset needs to be sold then

1. The asset details for the part of the asset not being sold, use the "Change" button to adjust the quantity, purchase cost, and brought forward WDV to represent that part of the asset which is being retained.
    
2. Create a new asset for the part of the asset to be sold, using the quantity to be sold, original date of purchase, part of the original cost and part of the brought forward WDV.
    
3. Sell the newly created asset.

Considerations

You may wish to consider the reasons the asset was created this way and why it need to be partially disposed. Eg. A bulk lot of 10 laptops entered as 1 asset, should it be broken down into 10 individual assets?