Compound Assets

Compound assets are parent or primary assets that are comprised of multiple child assets, called components. Simple assets, in comparison, are single assets that don't have components. A component can be a simple asset or another compound asset.

This feature lets you create a compound asset by attaching multiple child assets (components) to the parent asset. You can add components that have the same asset type, subsidiary, and accounting method as the compound asset. Each component's status must be New, Depreciating, or Partially Disposed. You can't add fully depreciated or disposed assets as components.

General Notices