Divide an asset into separate units.
Use the Split Assets routine to divide an asset into a specified number of new assets and divide the original asset's costs evenly between the newly created asset records. The new asset will inherit the location, job number, units, and taxing district from the original asset.
Example: In Asset No. 100, the Asset Cost is $100. If the Asset No. 100 is split into four new records, the system will divide the cost of the asset by the number records to be created. Therefore, in this example, the system creates four records where the asset cost for each new record is $25.
Distribute the original asset's cost and accumulated depreciation to the new asset.
Retire the original asset.
Create a new asset or assets. The new asset inherits the same settings as the original asset.
How does the system calculate the new asset cost and depreciation?