• Negative Acquired Value reported different on Fixed Asset reports

    Have a client that just started using Fixed Assets this past year, with 12/31/17 figured imported. They have a number of assets with a negative cost. These are calculating correctly into the Total Acquired Value, but not in Depreciable Basis on the…
  • 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…