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TimCollins's avatar
TimCollins
Contributing Cover User
6 years ago

MYOB Assets - Sold assets still showing Closing WDV

One of our files in MYOB Assets has assets that were purchased in the 2018 and 2019 financial years and have been pooled to the small business pool. When selling the assets in 2020, the assets still ...
Mark_St's avatar
Mark_St
MYOB Staff
6 years ago

Hi Tim,

 

The assets sold will remain in the pool for the year that they are sold and the closing written down value will appear.

 

When the 2021 year is created, the value of these assets will be transferred to the Consolidated Sold Assets item.

 

The nature of General Pools is that the value of assets sold will reduce the value of the pool by the amount the assets were sold for.

 

 

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