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Love Malik

As per titled, how do I transfer an inventory item to asset, removing it from the sell able inventory, and then use the asset management to depreciate the item?

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Kapil Patel

1. Create a Location Transfer Inventory to Fixed Assets with the correct Asset Account set in it:


2. Record an Internal Transfer from your Stock location:


Assuming you have real-time Inventory valution, you will see in Accounting that you get the following Journal Entry:

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