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I personally do not see a problem with having two separate assets to handle additions, but would like the ability to group them as one in reports. If a reduction in the original assets is required a negative asset may not be possible, so some ability to alter cost would be good. Also seems to be impossible to add assets with passed accumulated depreciation. In NZ if a asset is purchased from an associate we need to keep the original cost & accumulated depreciation for the new owner, so if sold for more that the original cost, the full amount of depreciation previously claimed can be shown as income to the new owner.

It would be helpful to have "Second Element of Cost" for existing fixed assets -

Purpose: to enable either "Additional Cost" or "Discount" to be added into existing Registered Assets.

From accounting/bookkeeping perspective, this additional cost/discount should *not* impact the depreciation in past periods (ie Past Depreciation Amount is supposed to be locked once a financial period is closed. A separate journal can be created in order to reflect/catch up the changes in GL)

Would be very useful to be able to assign costs to a fixed asset from a bill or receipt I.e. a bill for a machinery repair assigned to a specific machine

Have the ability to add additions to existing fixed assets instead of having to make a whole new Fixed Asset

Agree the ability to combine assets or add extra value to them is something other programs can do so miss not being able to do the same in Xero.

Improvements to the Fixed asset module has been requested from the last 6 years at least in the xero community - accountants have been consistently ignored on this issue - PLEASE commit resources to updating all functionality around Fixed Assets.