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Use aggregate assets to display summary information for the component assets that make up the aggregate asset.

For example, if you trade an old desk to acquire a new desk, the application sets up the new desk asset as an aggregate asset consisting of one component asset that calculates the continuing depreciation for the old desk. If, in the exchange, you also paid an amount to acquire the new desk, the aggregate asset then consists of two component assets - the first component asset is the old desk, and the second component is a new asset equivalent to the boot paid.

Aggregate assets are created when there is a disposal of assets via Like Kind Exchange or Casualty/Theft – Replacement. You can also create an aggregate asset as follows. Any changes you make to the component assets will be reflected in the summary aggregate asset.

1. Open an Onvio Fixed Assets project.
2. Click to open an individual asset that you would like to add to an aggregate asset.
3. Click Actions then select Create Aggregate.
4. Click Add Component to add a new asset to the aggregate asset.
5. Click Save & Close or Save & New when you are finished.