Hello Cody,

The best way to handle this situation is to keep the 168 allowance amount the same for the asset with the $25K in acquired value for 2021. For the additional amount of $3K that came in for 2022 is to enter the $3K amount as a new asset with an explanation as to why this was done. This can be entered into the notes tab on the asset.

~Lovisa

Hello assetscanner711, Thank you for the kudos on my sound advice. Your advice is to the point as well.

Great advice Lovisa.  I would also suggest using the same asset ID 12345 and 12345 on the two records.  Then when reporting later, you can get sub-total by asset id,  for tracking.  Another benefit is when ready to dispose of the asset in future, you can search for all records with this same ID and process as a bulk disposal so you get the parent asset and the children avoiding any ghost assets are left on the books by missing the additional amount.

Just to remind you of a caveat, please.  The Tracking program will not let you proceed with the inventory if any of the assets in your database are carrying duplicated tag numbers.    Every asset must have a tag number and it must be unique.

If you're not licensed to use the Tracking program and managing your assets solely in the Depreciation program, the asset Id may be duplicated and may work fine as a method to identify related assets.

good point BobMC.  in the case of asset tracking, a Parent Child relationship can be tracked in a separate field, or a identifier added, like 12345A, 12345B, that keeps them unique.