Assets, such as machines, that have been depreciated can be taken out of service and potentially sold. This investment needs to be deactivated. In this article, you will learn how to deactivate an asset.

Assets, such as machines, are registered in the 'Fixed Assets' module. By tracking investments via a separate ledger account, insights are gained into investments made during a specific period. This article explains how to create and activate an asset.

The sixth step in the period closure is processing the fixed assets. Reviewing the investment account and cost accounts is necessary to activate the posted amounts for the period and deactivate fixed assets that need to be removed from the records.

The Fixed Assets module provides the capability to manage and appraise all durable production assets.