Split an asset
With Business Central, you can split an asset by transferring portions of its acquisition cost to several assets. To split an asset, you would use the reclassification journal in the same way as you would when transferring an asset. The only difference is that you will transfer acquisition cost and depreciation to multiple assets. You can use the reclassification journal to split one asset into two assets and keep a part of it as the original asset.
For example, you can move 40 percent of the acquisition cost and depreciation for an asset to a different asset, whereas 35 percent moves to a third asset, and 25 percent remains for the original asset. If the precise percentage is unknown, then use a reclassification amount. This amount refers to the original acquisition amount.
Before you transfer acquisition and depreciation to new assets, you must set up the new asset.
Splitting an asset is also useful when you want to partially dispose of an asset. Occasionally, you must partially dispose of an asset instead of disposing of the whole asset. To dispose of part of an asset, split the asset through the FA reclassification journal and then dispose of one of the assets that you gained from the split.
Watch the following video to see how you can split fixed assets in Business Central.