MRM
5 years agoPartner
Asset Addition
In Accountants Office within the assets module, what is the best way to increase the cost of an asset for an additional cost incured in a subsequent financial year?
i.e. on 20 June 2018 $50,000 was paid for a vehicle that was immediately added to the asset schedule and depreciated from that date. On 15 July 2018 $5,000 was paid for an addition to the vehicle.
Does that addition need to be added into the schedule seperately or can this be added to the original asset somehow?