Retire an asset

Retirement can be complete or partial.
note
The system doesn't perform bulk retirement. Retirement of an asset must be completed one asset at a time.
  1. In Asset Detail, indicate that the depreciable asset should be retired.
  2. You can enter the percentage of the asset to dispose, if it's not 100%.
  3. Enter the total regular cost of the original asset (denominator).
  4. If creating a partial disposition, first enter all of this asset's detail and turn off Auto Compute. Next select
    Create Partial Disposition
    .
  5. After you review, delete the original asset.
    note
    If the asset isn't retired on Form 4797, you must enter either a current year deduction for depreciation or enter the number of months to depreciate the asset.

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