What action must be taken to delete an asset created by a purchase transaction?

To effectively delete an asset created by a purchase transaction in Xero, certain actions are required to ensure that the asset is properly removed from the system. Changing the account code to a non-fixed asset type effectively categorizes the transaction differently, helping to dissociate it from the fixed asset classification. This action is necessary because simply voiding the transaction may not adequately complete the task of removing the asset if it is still registered as a fixed asset in the system.

Voiding the original transaction is also a crucial step, as it effectively cancels the creation of the asset linked to that transaction. By voiding, you eliminate the financial implications and reclassify the asset status.

Both actions complement each other, indicating that to comprehensively delete an asset created from a purchase transaction, one should both change the account code and void the transaction. Therefore, the answer reflects the need for a multi-step process in managing fixed assets within Xero, emphasizing the importance of proper classification and transaction management.