You can combine multiple assets into one using an aggregate asset. Each asset you combine is called a component asset. The aggregate asset will have a summary total of all the component assets.
To create an aggregate asset:
- In the Asset List window, either double-click a component asset or click the Add button to create one.
- Select Edit, then Components.
- Click Add component. The the method and life default to the method and life for the previous component.
- Click the Edit Components button.
- Click the Add button.
- Enter the new component's information in the Description and Date in service fields.
- Enter the appropriate information in the Depreciation tab.
- Repeat steps 3 - 6 for each additional component of the aggregate asset.
- When you have entered all components, click Done.
Notes
- Information on the Depreciation tab can only be edited at the component level. Depreciation information on all other tabs (Disposal, Vehicle/Listed, Home Office, Other, and Image) is edited at the aggregate level.
- Components can be removed from an aggregate asset by using the Delete button in the Components for Aggregate Asset dialog. Deleted components are completely removed from Fixed Assets CS.
- The aggregate asset's Display Calculation dialog contains an Aggregate asset detail group box that lists each component asset.
- The Aggregate Asset Report provides component detail for each aggregate asset.
- An aggregate asset is created automatically when you dispose of an asset through a like-kind exchanges for IRS Notice 2000-4 and Reg. 1.168(i)-6
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