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Cindy Gilson

Adding an Asset to the Depreciation List

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I am adding 2 servers to my fixed assets. I want to do it as one line.   The total cost of both servers is $25,000.  Under quantity, I put 2.  Do I need to split the acquisition value to  $12,500 or can I leave it at $25,000.  I don't want it to take the value of 25k and multiply it by the quantity of 2

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    Hello Cindy,

    While we do not recommend entering multiple assets as a single asset in the program, the design of the program being one asset in the program represents one physical object, the quantity field is a General Information field and will not affect the calculation of depreciation in any way.

    ~Delray

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    SUGGESTED

    Hello Cindy,

    While we do not recommend entering multiple assets as a single asset in the program, the design of the program being one asset in the program represents one physical object, the quantity field is a General Information field and will not affect the calculation of depreciation in any way.

    ~Delray

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