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  • Product: Fixed Assets CS

Create an aggregate asset

You can combine multiple assets into 1 with 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.
  1. In the
    Asset List
     window, either double-click a component asset or select
    Add
     to create one.
  2. Select
    Edit
    , then
    Components
    .
  3. Select
    Add component
    .
    note
    The
    Method
     and
    Life
     default to the method and life for the previous component.
  4. Select
    Edit Components
     .
  5. Select Add.
  6. Enter the
    Description
     and
    Date in service
    for the new component.
  7. Enter information on the
    Depreciation
     tab.
  8. Repeat steps 3 to 6 for each additional component of the aggregate asset.
  9. When you've entered all components, select
    Done
    .
    note
    • You can only edit information on the
      Depreciation
       tab at component level. Depreciation information on all other tabs (
      Disposal
      ,
      Vehicle / Listed
      ,
      Home Office
      ,
      Other
      , and
      Image
      ) is edited at the aggregate level.
    • To remove components from an aggregate asset, go to the
      Components for Aggregate Asset
       window, and select
      Delete
      . This will completely remove components from Fixed Assets CS.
    • The aggregate asset's
      Display Calculation
       window includes an
      Aggregate asset detail
       group box that lists each component asset.
    • The Aggregate Asset Report gives component detail for each aggregate asset.
    • An aggregate asset is created automatically when you dispose of an asset through a
      Like-Kind Exchange
       for IRS Notice 2000-4 and Reg. 1.168(i)-6.

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