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  • Reducing the value of an asset

    Hello, An asset was added in 2018 for $248K. Due to a settlement in our favor, the asset value needs reduced to about $100K. I know I would just change the acquisition value of the asset for each of the books, but how would I handle depreciation? I…
  • Acquisition Reports

    In December 2022, we paid a 40% deposit on an asset and I added this asset to Sage. The asset was added but depreciation was not set to begin until January 2023. At the end of the year 2022, I ran an acquisition report and the asset appeared with the…