Fixed Assets Trade-In Process - Acquire and Dispose

Business Central/NAV
1

For fixed assets I know how to acquire and dispose of assets but I have a particular scenario I need assistance with.

I bought a new fixed asset equipment from a vendor and at the same time to the same vendor I traded in older equipment, around 1-3 items etc). The total for the new equipment is 100000 and the total for the equipment being traded in is 30000. The thing is I could easily acquire and dispose assets so that it shows I acquired through my purchase order the asset for 100000 and disposed through the sales order my asset of 30000. But I didn’t purchase it for 100000. I paid 70000 for it because of the difference when I traded in.

Step by step guide would be appreciated

2

I think your first thought is correct. The auditors will most likely want to see it this way as well. I’ve seen people try to net the accounting side of this only to be told by auditors that their not allowed to show it in this fashion for IFRS accounting standards. So, start with that question, is it allowable by accounting standards where you are?

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