| Asset statusIn Fixed Assets,
an asset goes through several statuses. The status of the asset determines the
actions you can perform on it. You can view the status of each asset in the Assets (tffam1500m000) session. These are the asset statuses: Entered The asset data was entered into LN, but the asset has not
yet been capitalized and is not depreciating. In most cases, you can edit or delete entered assets. You
cannot manually delete assets if they originate from an investment transaction
in Accounts Payable or
the General Ledger, or if
the current cost and/or the current quantity are above zero. Acquired The asset was entered and capitalized, and is eligible for
depreciation. You cannot delete or edit an acquired asset, but you can
perform transactions on it. For example, you can create an adjustment
transaction to edit the asset's data, or a disposal transaction to begin the
process of deleting the asset from LN. Disposed The depreciating asset was sold, transferred, donated, or
otherwise disposed of, and is eligible for purging. You cannot edit or perform transactions on a disposed asset. Removed The depreciating asset was removed. After removal, an asset can still have transactions posted
to the General Ledger.
Remove capitalization is meant for changing some data, and then capitalize
again. However, you can also use the Removed status to archive or delete assets via the Archive/Delete Disposed Assets (tffam8208m000) session. This allows you to delete
assets without disposing them, which precludes disposal transactions for these
assets. You can still change the status from Removed to Entered.
| |