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author's profile photo Former Member
Former Member

Multiple Asset Numbers for same Asset + One (1) PM Equipment

I have a situation where Assets are linking to Equipment - usually there is one (1) asset number which = one (1) Equipment. This is the case 65% of the time.

However, in the remaining instances there is a very weird situation. We have 4/5 asset numbers per "equipment" that we cannot link (or we can only link 1 to the equipment).

According to our Finance team, the extra numbers were created for other reasons like additional capacity and interest.

However, we cannot link multiple assets to one equipment. In addition, we cannot know the true NBV and/or AV unless we calcluate them.

Is there any way to roll all of these asset numbers into one? Or, is this an incorrect practice from the beginning?

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 07, 2010 at 11:25 AM

    Hi,

    Create Main Asset for all the realted sub assets and tag equipment number to the main asset..

    It is logical to have one to one relation.. to track expenses incurred on that particular equipment.

    Thanks and Regards,

    Padmaja

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