Transfer as a Disposal

You complete this type of disposal only from the Asset Transfer window. As the system completes a transfer, it calculates a gain/loss amount on the transaction as if the asset had been sold instead of transferred. The system displays the gain/loss amount on the Transfer as a Disposal window. You can also view the gain/loss amount by selecting the View Transaction button on the Transactions tab.

For reporting purposes, the asset continues to appear on all reports as a transferred asset; however, the system reports the amount of the gain/loss on the Disposal report with a disposal method of "T." This allows you to track gain/loss information on transfers within an organization and to another organization for separate reporting purposes.

To perform a transfer as a disposal

1. In Asset Detail, display the asset that you want to transfer.
2. Do one of the following:

• Select the Transfer an Asset task on the navigation pane.

• Select Asset/Transfer from the menu bar.

The system displays the Asset Transfer window.

3. Complete the Asset Transfer window.
4. On the Asset Transfer window, select the plus sign (+) to expand the Optional Transfer Parameter section.
5. In the Transfer as a Disposal field, select Yes. The system displays the Transfer as a Disposal window.
6. Complete the Transfer as a Disposal window, and then select the Calculate button. The system calculates the gain/loss amount of the transfer.
7. Select OK. The system returns to the Asset Transfer window.
8. Complete the remainder of the Asset Transfer window, and then select OK. A message asks if you want to view the details of the transfer on the Transactions tab.
9. Select Yes to view the details of the transfer; otherwise, select No.