Enter Disposals - Disposal Tab

Access this tab using Activities>Fixed Assets>Enter Disposals. This tab is unavailable when the Zero Book Value check box is selected on Maintain>Fixed Assets>Assets.

Use this tab to fully or partially dispose of an asset. A Full Disposal writes off the asset from the asset general ledger account code and the accumulated depreciation general ledger account code.

If you select a Partial Disposal, you can enter values in the After Disposal group boxes. During the transfer process (Activities>Fixed Assets>Transfer Depreciation/Disposals), a Partial Disposal only writes off the difference between the values in the Before Disposal and After Disposal boxes. After you complete the form, click the Dispose button to calculate depreciation for the disposal.

Select Disposal Type: Select the appropriate disposal type for the asset.

• Full Disposal: If you select this option, the system automatically displays zeros in the boxes in the After Disposal group box. The asset will be fully disposed.
• Partial Disposal: If you select this option, you are required to enter values in the After Disposal group box. The asset will be partially disposed according to the values you enter.

Before Disposal: You cannot make changes to the values in any of these boxes. You entered this data when you created your asset using the Maintain>Fixed Assets>Assets>Depreciation tab.

• Cost or Basis: The system displays the cost or basis.
• Salvage Value: The system displays the salvage value of the asset.
• Amount to Depreciate: The system displays the amount to depreciate for the asset (cost or basis minus salvage).
• Accumulated Depreciation Amount: The system displays the accumulated depreciation amount.
• Life (Months): The system displays the life of the asset.

After Disposal: If you select the Partial Disposal option button, you are required to enter values in these boxes.

• Cost or Basis: Enter the cost or basis of the asset after the partial disposal.
• Salvage Value: Enter the salvage value of the asset after the partial disposal.
• Amount to Depreciate: The system displays the amount to depreciate for the asset after the partial disposal (cost or basis minus salvage).
• Accumulated Depreciation Amount: Enter the accumulated depreciation amount after the partial disposal.
• Life (Months): Enter the life of the asset after the partial disposal.