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Cost entered exceeds the cost for the book. Fixed Assests

Posted on by

Good Morning All

We are getting the following error when retiring a asset. 

pastedimage1643736091408v1.png

Now for some backstory.

We were purchased in 2014 and the people who were handling the FA decided to make a new book with all our assests at acquisition. Now we have to two books with the asset in question has a lower cost basis in old book, then in the new book. 

Anyone seen this and know what steps are required to retire the asset?

  • CBSS1956 Profile Picture
    CBSS1956 on at
    RE: Cost entered exceeds the cost for the book. Fixed Assests

    That works. Didn't know that was a option.

  • Verified answer
    Andrea Melroe Profile Picture
    Andrea Melroe 3,437 on at
    RE: Cost entered exceeds the cost for the book. Fixed Assests

    Hi CBSS1956,

    When you have multiple books with different costs, you can enter a 'Percent' instead of a specific cost amount to be retired:

    AssetRetire.png

    What happens when you enter a percentage, and leave the cost amount field blank?

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