Dividing an asset

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Assets can be divided as follows:

To divide an asset, perform the following steps.

  1. Open the Asset List window for an activity.
  2. Highlight the asset you want to divide.
  3. Choose Edit > Divide.
  4. In the Divide Asset dialog, specify whether you want to divide the asset based on cost basis, units, percentage, or multiple units.
  5. Do one of the following tasks.
    • If you click the Tax cost option, enter the amount of tax cost you want to remove from the asset in the Tax cost to remove field and enter a name for the new asset in the New asset description field. The amount that you enter will be removed from all treatments.
    • If you click the Percentage option, enter the amount you want to remove from the asset in the Portion to remove field and enter a name for the new asset in the New asset description field.
    • If you click the Units option, enter the total number of units in the existing asset in the Total units in existing asset field, enter the amount you want to remove from the asset in the Units to remove field, and enter a name for the new asset in the New asset description field.
    • If you click the Multiple units option, enter the number of equal units into which the current asset will be divided in the Divide and adjust current asset into this number of equal units field.
  6. Click the Divide button.
  7. If you chose to divide by tax cost, percentage, or units, do one of the following tasks in the Confirm New Asset Number dialog.
    • Click OK to confirm the number that was automatically assigned to the new asset.
    • Enter a different number of your choosing, then click OK.

The application creates new assets based on the information you entered and modifies the original asset as required by the division.

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