I have posted my depreciation but now want to adjust the purchase price of the assets, can I use the X to delete them and then reenter?

Question:

I have posted my depreciation but now want to adjust the purchase price of the assets, can I use the X to delete them and then reenter?

Resolution:

No. The system will not allow deletion of an asset with posted GL records. The detail depreciation amounts are based on the purchase price so changing the purchase price without affecting the detail records is not allowed. Please see manual explanation below regarding the asset statuses (page 18):

"The only other field that has an impact on the depreciation is the STATUS CODE. When an asset is created, it is considered 'Active'. The following statuses can also be applied: 'F' is for an asset that has been fully depreciated, 'U' is for an asset 'Under Construction', a 'D' means an asset has been disposed of (see below), an 'X' indicates an asset has been coded to be dropped from all files (and cannot have any posted depreciation amounts) and an 'O' is for Other."