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  1. 296 votes

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    Hi everyone, thanks for sharing your support for part disposal of Fixed Assets in Xero.  Being transparent - current work for the team requires focus on upgrades to Fixed Asset technology. 


    However, we’re thinking of what comes next and partial disposal of an asset figures strongly in this. Please continue to detail your particular use cases here in Product Ideas.


    As we continue forming the future of Fixed Assets in Xero insights from Product Ideas here will feed into the team's plans.

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    Catherine Howell commented  · 

    I totally agree. It would also be good to be able to add to an asset when it is modified or improved. APS has a module where you can add value to an asset at a set date which rolls over into the following year as one calculation on the total. You can also sell part of an asset and just need to enter detail about what portion of the original cost price to use for the depreciation recovered or capital gain calculation. I am dealing with this reasonably often as is a colleague I sit near. We struggle with how to deal with it as it stands

    Catherine Howell supported this idea  · 
  2. 12 votes

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    Catherine Howell supported this idea  · 
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    Catherine Howell commented  · 

    A lot of assets are partially sold and we often need to be able to sell a portion of the asset along with its prorata accumulated depreciation and prorate cost price while retaining the balance of the asset and continue to depreciate it. APS allows for this whereby you calculate the cost price and accumulated depreciation manually and enter into the sales field along with the sale price.