Asset disposal
The
Asset disposal
window allows you to add or edit
a disposal for an asset. This window will appear when you click either
Add
or Edit
on the Disposals
tab of the List Assets
window.
Disposals should be entered whenever
you sell, write off, or otherwise dispose of an asset. This includes both
complete and partial disposals.
Complete disposals
To enter a final disposal enter
the disposal's details and select the Asset completely
disposed option.
Partial disposals
To enter a partial disposal enter
the disposal's details in the Disposal
details fields and then
enter the depreciation write backs in the Write
backs fields. Leave the
Asset completely
disposed option unselected.
Click the OK button to save
the disposal, or Cancel to close the window without saving any changes.
Disposal details
The Disposal
details fields are entered
for all disposals.
Date
The date of the disposal. This
defaults to the current accounting date.
Recovered
The value recovered by the disposal,
if sold. This should be zero if the asset was lost or destroyed.
Quantity
The quantity disposed, if applicable.
This should be left blank, unless the asset records a set of identical
assets and its quantity is reduced by the disposal. (For example, a set
of chairs might have been reduced by three from twelve to nine.)
Notes
A short note describing the reason
for the disposal.
Asset completely
disposed
Whether the disposal is a final (and complete) disposal, or a write back
in the asset's value.
Write backs
The Write backs
fields are only entered for partial
disposals, and describe the amounts to be written off the ledger balances.
Cost
The historic cost of the portion
of the asset disposed.
Tax depreciation
The tax accumulated depreciation
for the portion of the asset disposed.
Revaluation
Any revaluations applying to the
portion of the asset disposed.
Accounting
depreciation
The accounting accumulated depreciation
for the portion of the asset disposed.
The Calculate
% button allows you to
calculate these figures automatically as a percentage of the asset's cost.
See also
Enter transactions
Asset addition
