I fumble through fixed assets. I have three items that have mfg. defects. The mfg. has offered an even exchange on the items. Because we are a local government, I have to bring the old assets before our board to surplus these items. We have had these items for over 1 year and they have been depreciated but still have a residual value. I have to assign new asset numbers to the newly acquired items brand new with an original value. How would you all suggest I handle this? Did I mention I fumble through fixed assets! Please help. Thanks.
If you've found this thread useful, dive deeper into User Group community content by role