Retire an asset

When your client retires an asset, Onvio Fixed Assets does not take depreciation in the year of retirement or any subsequent year. The asset remains until the disposal method is changed to Casualty / Theft, or Sold / Scrapped.

Follow these steps to place an asset out of service.

  1. Open the asset in Onvio Fixed Assets, then open the Disposal tab
  2. Select Retired from the Disposal Method drop-down.

If the application calculates prior depreciation after an asset is placed back into service, it calculates the entire prior depreciation as if the asset were never retired.


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