What Does This Procedure Do?
This procedure is used when you dispose of a fixed asset. In the window you enter a reason for the disposal for example sale, retirement or other. The difference between sales and retirement is that the sales price of a retired fixed asset is zero (0).
You can also enter a specific comment to the disposal of the fixed asset. You can undo a made disposal in this procedure provided that no depreciation has been made of the object after the disposal. You can also link external documents to the disposal. For this feature to work, you must have the supplementary function Document Viewinginstalled.
If the disposal concerns a main object, all linked sub-objects will be displayed at the very bottom of the window. In the sub-objects list you can uncheck the sub-objects that shall not be included in the disposal. The sub-objects that are not included in the disposal are disconnected from the main-object. An example of a sub-object can be a component that is a part of a larger machine (= the main object).
A profit or a loss of the disposal is automatically calculated by the system when you calculate the scheduled depreciation. This is done in the Scheduled Depreciation procedure. Records of the sale will automatically be included in the scheduled depreciation's ledger.
A list of the sold/retired fixed assets can be printed in the Fixed Asset List procedure.
Window Functions
Read more about the Window functions under Window Functions in the MONITOR Basics guide.