Disposal is the transaction involving the sale or scrapping of an asset. Performing this operation will vary depending on whether you have an integrated General Ledger and/or Accounts Receivable module and which method that you think is the most suitable for your business. Disposals can be performed wholly in Fixed Assets, in Accounts Receivable Invoicing or in Cashbook Receipts.
The Disposal object creates one Fixed Asset transaction, a credit for the Final Written Down Value of the Asset, reducing its value to zero. It changes this Asset to a Non-current Asset changing its status to either B (Addition and Disposal in Same Year) or D (Disposal).
You can dispose of a Fixed Asset by selecting and highlighting the item from the main screen and then clicking on the Dispose push-button.
Or alternatively, selecting the Dispose facility from the Fixed Assets menu option.