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Former Member
Apr 07, 2013 at 11:44 AM

Partial Asset retirment

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I am trying to post sale of assets to staff. But in this particular situation – asset number 100047 there are 4 number of washing mechines and we are selling one. So I could not opt for complete retirement. In the amount posted tried to enter gross value of 1. Alternatively tried entering in percentage rate 25%. I get the message . “ low value assets. Max amt exceeded. No posting allowed.” This asset we are trying to post is 100% depreciated asset .

Please guide .