An addition to a fixed asset is a maintenance to or an add-on
item for a fixed asset. Like Engine Oil for an automotive or an additional hard disk for a desk Computer.
An addition is considered part of a fixed asset, but is not a separate asset. Typically, an addition is maintenance or an improvement and is related to a write-up adjustment.
The addition is done as follows:
An addition is considered part of a fixed asset, but is not a separate asset. Typically, an addition is maintenance or an improvement and is related to a write-up adjustment.
The addition is done as follows:
Click General
Ledger >> Common Forms >> Fixed Asset Details.
Select
the fixed asset to create the addition for.
Click Additions.
Click Additions.
Press CTRL+N to create an addition.On
the Overview tab, keep the default addition number and
type a name for the addition, such as Laptop Battery or Wiring
Enter additional details, such as the acquisition date, unit cost, and quantity.
On
the General tab, enter values for other fields as appropriate:
If the addition increases the service
life of the fixed asset, select the Increases service life check
box, and then modify the Service life field in the Value
models form.
If not, leave it unchecked. The
addition will not increase the Service Life of the asset.
Press
CTRL+S to save the addition
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