Dispose of or Retire Assets

When you sell or otherwise dispose of a fixed asset, the disposal value must be posted. The program calculates the gain or loss. A disposal entry must be the last entry posted for a fixed asset. For partially disposed fixed assets, you can post more than one disposal entry. The total of all posted disposal amounts must be a credit amount.

To post a disposal transaction to a depreciation book for which disposal has G/L integration, use an FA G/L Journal.

To post a disposal transaction to a depreciation book for which disposal does not have G/L integration, use an FA Journal.

Note

If you trade in a fixed asset for another one, you must record both the sale of the old asset (disposal) and the purchase of the new one (acquisition). This kind of transaction cannot be recorded as a single transaction.

The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.

To	See
Use an FA G/L Journal to post a disposal transaction to a depreciation book for which disposal has general ledger integration.	How to: Post Disposal Transactions from Fixed Asset General Ledger Journals
Use an FA Journal to post a disposal transaction to a depreciation book for which disposal has no general ledger integration.	How to: Post Disposal Transactions from Fixed Asset Journals
View disposal ledger entries.	How to: View Disposal Ledger Entries
Split an asset that you have partially sold or disposed of before recording the disposal transaction.	How to: Post Partial Disposals
Delete a fixed asset.	How to: Delete Fixed Assets

See Also

Tasks

How to: Budget Disposals of Fixed Assets
How to: End Insurance Coverage of Fixed Assets