Merging 2 assets

Question

I have a situation where two assets were setup in SAGE that should be combined into 1. Both have depreciation run on them. What is the best way to combine the 2 assets without affecting the integrity of the depreciation that has already happened? 
 I don't want to have to undo and redo the existing depreciation on both. 
 
 Any suggestions would be greatly appreciated as I would like to get this done prior to year end. 
 
 thanks!

Erzsi_I · Answer

Hi Stephanie Edge , 
 Great question &mdash; and you&rsquo;re right to be careful about preserving the integrity of your depreciation history. 
 Just to clarify up front: Sage Fixed Assets does not have a feature to merge individual assets . The Merge Companies function you may see in the menus only applies to merging entire companies, not individual assets, so it won&rsquo;t help in this situation. 
 When two assets need to be combined, the standard approach is to: 
 
 Leave the existing assets as-is so their historical depreciation remains intact. 
 Retire both original assets using the appropriate disposal method (such as a transfer or like-kind exchange, depending on your accounting policies). 
 Create a new asset that represents the combined value moving forward. 
 Set the new asset&rsquo;s beginning accumulated depreciation and remaining basis so it continues from where the original assets left off. 
 
 This method ensures you preserve accurate audit history and avoid having to redo prior depreciation. 
 Because combining assets can have financial reporting impacts, your accountant or Sage Support can help determine the best approach for your specific setup. For guidance or to speak with support, you can follow the steps in this article: How to contact Sage Support . 
 If you'd like, I can outline the steps in more detail &mdash; just let me know.

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