You enter the adjustment as an "other expense" on the business schedule to which it pertains.
To delete the asset, you edit the business entry where the asset was entered, and look for "Business Assets" in the list of expenses and edit the menu choice "Assets being Depreciated." You will see a list of the assets for that business, with an option next to them to delete the asset.
You do need to enter a new asset. Input the cost, date purchased, date put into service and other questions asked. Select the proper asset type and TurboTax will calculate the correct accumulated depreciation.
You would have to add the adjustment if positive. To do so, add an "other" expense as a negative number.
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