6. Enter Disposal Method. (See User Defined Codes for system 12, record type ES) DESCRIPTION OVERRIDE: 7. Enter description to be used for the journal entry explanation. PRINT SELECTION: 8. Identify how to print asset number. 1 = Item Number (DEFAULT) 2 = Unit Number 3 = Serial Num...
Enter or view the fixed asset number. Value model Select or view a value model for the fixed asset. Only value models that might apply to the asset are displayed. For example, value models that have a status ofSoldorScrappedare not available for additional transactions. ...
6. Enter Disposal Method. (See User Defined Codes for system 12, record type ES) DESCRIPTION OVERRIDE: 7. Enter description to be used for the journal entry explanation. PRINT SELECTION: 8. Identify how to print asset number. 1 = Item Number (DEFAULT) ...
AssetLocationEntity AssetLocationTransferHistoryEntity AssetMajorTypeEntity AssetPackingSlipEntity AssetParametersEntity AssetParametersProposalJournalNamesEntity AssetPostingProfileDisposalEntity AssetPostingProfileEntity AssetPropertyGroupEntity AssetProvisionTypeEntity AssetRBSLFactorEntity AssetReduct...
First included in: FixedAssets/AssetJournalHeaderEntity (this entity) Properties NameValue dataFormatstring isNullabletrue Traits List of traits for the IsPosted attribute are listed below. is.dataFormat.character is.dataFormat.big is.dataFormat.array ...
In the straight-line depreciation method, the cost of a fixed asset is reduced equally in each period of its useful life till it reaches its residual value.If we plot the depreciation expense under the straight-line method against time, we will get a straight line. Depending on the ...
The accounts that have been set up for fixed asset transactions in theFixed asset posting profilesform are used in the posting of fixed asset budget register entries to the ledger budget. The transaction type, fixed asset account, and value model on the budget journal line are used to find ...
AssetParametersEntity AssetParametersProposalJournalNamesEntity AssetPostingProfileDisposalEntity AssetPostingProfileEntity AssetPropertyGroupEntity AssetProvisionTypeEntity AssetRBSLFactorEntity AssetReductionEntryProfileEntity AssetRetirementObligationDocumentEntity AssetRetirementObliga...
In the journal entry above, an expense has to be recorded to show the loss. And as a contra entry against this, we have to reduce our purchases account (it is purchases for theperiodic system of inventory) or inventory account (for theperpetual system). ...
And how do you record the journal entry for reversal of impairment? Impairment: When the fair market value of the asset is higher than its carrying value, then the asset impairment takes place. There is a requirement to test the assets f...