The length of ownership information that you enter in the form affects the ledger account that the profits resulting from the sale of an asset is posted to.

When the months that the company has owned the fixed asset equals or exceeds the value in the field, the profits from the sale of the fixed asset are posted to the defined for the transaction type in the form.

When the months that the company has owned the fixed asset is less than the value in the field, the profits from the sale of the fixed asset are posted to the defined for the transaction type in the form.

See Also