Enter the main accounts where the fixed asset disposal expenses will be posted to. You can also choose to enter the disposal expenses later in a journal. The fixed asset main account and accumulated depreciation main account and other fixed asset related accounts are automatically determined b...
Organizations dispose of a fixed asset at the end of its useful life or when appropriate, if, for example, the asset is no longer being used. The journal entry to record a disposal includes removing the book value of the fixed asset and its related accumulated amortization from the general ...
Use the Asset Sale/Disposal subtab to provide details about the sale or disposal of the asset. Note: Displayed values reflect the latest disposal that was processed for the asset. Previous disposal values are overwritten. Disposal Date– The date that the asset was disposed of, by sale or wr...
How to: Register Opening Entries How to: Post Salvage Values from Fixed Asset Journals How to: End Insurance Coverage of Fixed Assets How to: Post Disposal Transactions from Fixed Asset General Ledger Journals How to: Post Maintenance Costs from Fixed Asset Journals...
The Disposal tab of the Fixed asset profile lists other accounts that you might need when you sell or scrap an asset. Make sure that you select Sale in the dropdown list that appears above the grid.Net book valueThe first account that your sale uses is the Net boo...
To post expenses on a fixed asset disposalChoose the icon, enter FA G/L Journals, and then choose the related link. In the Fixed Asset G/L Journal window, fill in the fields as described in the following table. 展开表 FieldDescription Account Type Select Fixed A...
Asset Disposal by Sale or Write-Off Partial Disposal of an Asset Revaluation of an Asset Asset Split Asset Transfer Deleting Assets Group Tax Depreciation Viewing and Approving Custom Journal Entries Asset Reports Fixed Assets Saved Searches Managing Fixed Assets Scripts Multi-Book Accounting for Fixed...
User can proceed to save the asset transfer upon finish Original Asset Master which is subject to transfer Existing Asset: Transfer to Asset Master AM Processes – Asset Transfer AP downpayment for FE Invoice Receipt for FE Asset Transfer Asset Disposal Change Asset AUC Settlement to Fixed Asset ...
Create journal lines for the disposal of scrap assets (assets that are no longer considered usable) based on the setup of the disposal - scrap profile for each value model, and the filters applied. You can use Disposal - scrap proposals to dispose of multiple assets at the same time, ...
1. A gain or loss on disposal of a plant asset is determined by comparing the: a. replacement cost of the asset with asset's original cost b. book value of the asset with the asset's original cost What is the general entry for exterior cement work? Will it be considered an asset ...