Performing Bulk Disposals

A bulk disposal occurs when you sell multiple assets for one selling price. When this occurs, the cash proceeds, noncash proceeds, and selling expenses must be prorated for the individual assets. Prorating is based on the percentage of the acquisition value of each asset selected over the total acquisition value of all the assets selected.

Tip: Multiple assets can also be disposed by importing disposal information.

To dispose in bulk, you can select assets from the Asset List, or you can create a group for the assets that you want to dispose. If you create a group of assets to dispose, display that group in the Asset List, and select all assets.

You cannot dispose of an inactive asset. If you have run depreciation back to an inactive extension of an asset, you cannot perform a bulk disposal. You must reset depreciation to a date when all the assets in your bulk disposal group are active.

To perform a bulk disposal

1. In the Asset List, select the assets that you want to include in the bulk sale.
2. Do either one of the following:

• Select Asset/Bulk Disposal from the menu bar.

• Select the Bulk Dispose Assets task on the navigation pane.

The system displays the Bulk Disposal window.

Note: The Bulk Disposal menu item is not activated unless you select at least two or more assets.

3. Complete the Bulk Disposal window.
4. Select OK. The system displays the Bulk Disposal report definition window.
5. Select the Execute button to run the report (see Reports), or select the Cancel button to exit.