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To setup the asset account in quickbooks online, first navigate to the chart of account, select the new account, select “fixed asset” or “other asset” as the account type, fill the appropriate details and name the account Check the "Track depreciation of this asset" box if you want QuickBooks to manage depreciation for this asset. If you are tracking depreciation, enter the asset's original cost and the date it was acquired. Click the "Save and Close" button to finalize the setup. If you are tracking depreciation, you may need to create separate sub-accounts for the original cost and accumulated depreciation,

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