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Asset Disposals

Access this report using Reports>Fixed Assets>Asset Disposals.

Use this report to print the disposal of assets. This information was entered using Activities>Fixed Assets>Enter Disposals.

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Additional items, columns, and filters are available if any user defined fields were created by the Administrator using Organization>Set Up User Defined Fields. Only user defined fields with a field type of String, Editable Drop-Down List, Non-Editable Drop-Down List, Date, or Yes/No are available in the Items by Page group box and are listed as an available filter. User defined fields with a field type of Currency follow the formatting of the organization's functional currency.
Currency fields which follow the formatting of the organization's functional currency. The functional currency was determined when the organization was created by the Administrator (File>New Organization>Functional Currency panel).

Note: When an asset depreciates to a zero book value, you must change the status for the asset to D (Discontinued/Disposed) using Maintain>Fixed Assets>Assets. Assets that have a zero book value are not available to calculate (Activities>Fixed Assets>Calculate Depreciation) or dispose (Activities>Fixed Assets>Enter Disposals).

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Column	Description
Disposal ID	The ID assigned to the disposal using the Activities>Fixed Assets>Enter Disposals>Asset tab.
Disposal Date	The date assigned to the disposal using the Enter Disposals>Asset tab.
Acquisition Code	An optional designation code associated with an asset. This code is used to represent the date an asset was acquired, and it was assigned using the Maintain>Fixed Assets>Assets form.
Location Code	An optional designation code associated with an asset. This code is used to represent the location of an asset, and it was assigned on the Assets form.
Responsibility Code	An optional designation code associated with an asset. It is used to represent the group or person responsible for the asset. This code was assigned on the Assets form.
Valuation Code	An optional designation code associated with an asset. This code is used to represent the value of an asset, and it was assigned on the Assets form.
Category	The category associated with the Asset ID selected on the Enter Disposals>Asset tab. (Categories were created using the Maintain>Fixed Assets>Assets>Asset tab.)
Asset ID	The ID that is being disposed. It was selected using the Activities>Fixed Assets>Enter Disposals>Asset tab.
Description	The description associated with the Asset ID.
Original Asset ID	The ID assigned to an asset using the Maintain>Fixed Assets>Assets>Asset tab.
Acquisition Date	The date the asset was acquired. It was assigned to the asset using the Maintain>Fixed Assets>Asset tab.
Begin Depreciation Date	The date to begin calculating depreciation. It was selected using the Maintain>Fixed Assets>Assets>Depreciation tab.
Method	The disposal method selected using the Activities>Fixed Assets>Enter Disposals>Asset tab. The report displays the following methods: S (Sale), A (Abandonment), L (Like-Kind Exchange), E (Taxable Exchange), I (Involuntary Conversion), T (Transferred), C (Casualty), R (Retirement), or O (Other).
Reason	The reason for the disposal entered using the Activities>Fixed Assets>Enter Disposals>Asset tab.
Full/Partial Disposal	A designation of full or partial disposal. This information was selected using the Activities>Fixed Assets>Enter Disposals>Disposal tab.
Before Disposal Cost/Basis	The cost or basis of the asset before it is disposed. This amount was originally entered using the Maintain>Fixed Assets>Assets>Depreciation tab. To view the current amount, use the Enter Disposals>Disposal tab.
Before Disposal Salvage Value	The salvage value of the asset (the expected net recovery when the asset is sold at the end of its useful life). This amount was originally entered using the Maintain>Fixed Assets>Assets>Depreciation tab. To view the current amount, use the Enter Disposals>Disposal tab.
Before Disposal Amount to Depreciate	The amount to depreciate-the Cost or Basis minus the Salvage Value. This amount was originally entered using the Maintain>Fixed Assets>Assets>Depreciation tab. To view the current amount, use the Enter Disposals>Disposal tab.
Before Disposal Accumulated Depreciation	The accumulated depreciation amount for the asset. This value was originally entered using the Maintain>Fixed Assets>Assets>Depreciation tab. To view the current amount, use the Enter Disposals>Disposal tab.
Before Disposal Life	The life of the asset. This value was originally entered using the Maintain>Fixed Assets>Assets>Depreciation tab. To view the current amount, use the Enter Disposals>Disposal tab.
After Disposal Cost/Basis	The cost or basis after the partial disposal. This information was entered using the Activities>Fixed Assets>Enter Disposals>Disposal tab.
After Disposal Salvage Value	The salvage value of the asset after the partial disposal. This information was entered on the Disposal tab.
After Disposal Amount to Depreciate	The amount to depreciate the asset after the partial disposal-the Cost or Basis minus the Salvage Value. This information was entered on the Disposal tab.
After Disposal Accumulated Depreciation	The accumulated depreciation amount after the partial disposal. This information was entered on the Disposal tab.
After Disposal Life	The life of the asset after the partial disposal. This information was entered on the Disposal tab.
Taxable	A designation of Yes or No, depending on if the Taxable check box was selected using the Maintain>Fixed Assets>Assets form.
Cost/Basis Disposed	The difference between the Before Disposal Cost/Basis and the After Disposal Cost/Basis.
Accumulated Depreciation before Disposal Depreciation	The difference between the Before Disposal Accumulated Depreciation Amount and the After Disposal Accumulated Depreciation Amount.
Gain/(Loss) Disposed before Disposal Depreciation	The difference between the Cost/Basis Disposed and the Accumulated Depreciation Disposed.
Disposal Depreciation	The depreciation calculated through the disposal process. It includes the additional months calculated.
Transferred	A designation of Yes or No, depending of if the disposal has been transferred.
Distribution Code	The distribution code for the asset type. It was selected using the Maintain>Fixed Assets>Asset Types form.
Asset Account	The general ledger asset account (FAO) for the asset. It was selected on the Asset Types form.
Accumulated Depreciation Account	The general ledger asset account (FAO) for accumulated depreciation. It was selected on the Asset Types form.

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