The Asset Acquisition transaction should be marked as Do Not Post. This will prevent the purchase from posting to General Ledger accounts twice: once from Accounts Payable and again from Fixed Assets.

If the Asset Acquisition has already posted to General Ledger:
 
  1. Go to Records, Assets and open the affected asset
  2. Select the Activity tab and delete the Asset Acquisition Transaction entering the correct Reversal Post Dates
    • Note: If there has been other activity calculated, the transactions will have to be deleted in order of the most recently added
  3. Re-enter this transaction by clicking New Acquisition Transaction and save the post status as Do Not Post.
  4. Post the reversal to update General Ledger.