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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Like-kind Exchange in ...
Microsoft Dynamics AX (Archived)

Like-kind Exchange in Fixed Asset for Microsoft Dynamics AX 2009.

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Posted on by Tahir Aziz 25

 Is this process available or not? I can see this available for NAV.....

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  • Tahir Aziz Profile Picture
    Tahir Aziz 25 on at

    MORE INFORMATION

    When you trade in an asset for a similar asset, the exchange is referred to as a like-kind exchange. Typically, when a like-kind exchange is completed, no gain or loss is recognized on the asset that you traded in. Any remaining book value is added to the other asset purchase cost to arrive at the adjusted cost basis of the fixed asset that is added.

    https://mbs2.microsoft.com/Knowledgebase/kbdisplay.aspx?wtntzsmnwukntmmykorsxppnnwunvvrwlvsulyzxxytnkxnq

     

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