Retiring an asset
When an asset is retired, depreciation is not taken in the year of retirement or any subsequent year. The asset remains until you change the disposal method to
Casualty / Theft
, Sold / Scrapped
, or Like-Kind Exchange
. - Retiredassets aren't included with disposals on any report or form.
- TheRetiredmethod is available when you make a mass disposition.
- Retiredassets can be placed back in service. Open the asset, go to theDisposaltab, selectRetired, and then pressDelete.
If prior depreciation is calculated after an asset is placed back into service, the application calculates the entire prior depreciation as if the asset was never retired.
