Using land as an example, we could purchase land and say it is asset #25. At some point in the future, we sell 1/3 of that land. Currently there is no way to reflect that sale of a portion of asset #25. As the system works now, we have to dispose of asset #25 in its' entirety and then set up a new asset for the remaining 67% not sold. You can use annotations to have an audit trail but that is not the best way to reflect these actions.
This hasn't been implemented? Four years later? Every FA system allows a partial sale, even Quickbooks. Let's move this up the priority ladder!
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Yes! Please allow asset impairment.
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I agree, this is a needed feature. We have a lot of items capitalized as a single asset, sold a portion of the items and need to partially dispose the asset.
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