Refer to this information to set up transactions for disposing of assets by selling them or by scrapping them.

In the Posting profiles form on the Ledger accountstab, select Disposal - saleand Disposal - scrapto set up postings to the ledger.

For both transaction types, the Ledger accountis credited for the disposal value of the fixed asset. The debit is posted to an Offset account, which might be, for example, a bank account. If a fixed asset is sold to a customer, the customer account is used instead of the offset account.

Click Disposaland set up detailed accounts to reverse the net book value of the fixed asset. You also can enter information in the Posting profileand Sales value typefields in the Disposal parameters form.

The disposal transaction for an asset in a low value pool reduces the net book value of the low value pool by the disposed amount only. However, when the sale of an asset is greater than the net book value of the low value pool, the net book value will be reduced to zero.