Retiring an asset

When an asset is retired, depreciation is not taken in the year of retirement or any subsequent year. The asset remains until you change the disposal method to
Casualty / Theft
,
Sold / Scrapped
, or
Like-Kind Exchange
.
  • Retired
    assets aren't included with disposals on any report or form.
  • The
    Retired
    method is available when you make a mass disposition.
  • Retired
    assets can be placed back in service. Open the asset, go to the
    Disposal
    tab, select
    Retired
    , and then press
    Delete
    .
If prior depreciation is calculated after an asset is placed back into service, the application calculates the entire prior depreciation as if the asset was never retired.

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