Disposing Individual Assets

You can perform whole or partial disposals on individual assets by selecting Dispose from the Asset menu. For an explanation of how partial disposals affect an asset and its extension, see Understanding Asset Identification.

Tip: Full disposals can also be performed by importing disposal information via Custom Import.

To perform a partial disposal of an individual asset

Do one of the following:

In the Asset List, select the asset you want to dispose.

Display the asset you want to dispose in Asset Detail.

Do one of the following:

Select Asset/Dispose from the menu bar.

Select the Dispose an Asset task on the navigation pane.

The Asset Disposal window appears.

Complete the Disposal Date and Disposal Method fields on the Asset Disposal window.
Specify Yes in the Partial Disposal field. The Partial Disposal window appears.
Complete the Partial Disposal window, then select OK to return to the Asset Disposal window.

The Partial Disposal field is now set to Yes. If you need to edit the Partial Disposal window, go back to the Partial Disposal field and select the Edit option that is now available.

Complete the rest of the Asset Disposal window.
Select the Calculate button. The system calculates depreciation for the disposed asset and displays the new figures in the appropriate fields.
Select OK to save the disposal information and close the Asset Disposal window.

A message confirms the disposal and asks if you want to view the disposal information on the Transactions tab.

Select Yes to view the disposal information on the Transactions tab; otherwise, select No.