The Fixed Asset Disposal program allows you to dispose of items that have been reported as lost or stolen from a location. It updates the quantities and salvage amount, fills the retired date on the master record, and updates the quantity of the asset location record.
Item Number
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Enter the item number you wish to dispose. If multiple locations exist for the asset a selection window will appear displaying the various locations for the asset. The quantity owned and the quantity loaned by the location selected also displays.
Disposal Quantity
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Enter the quantity to dispose. The default is the quantity owned minus the quantity loaned. You cannot dispose a quantity greater than this default amount.
Salvage Amount
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Enter the amount of salvage on disposal.
Reason
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Enter the reason for disposal.
Do You Wish To Process
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Enter 'Y' to proceed with disposal and update files. A comment record is created automatically for the item indicating the number of units disposed and reason.
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Enter 'N' if you wish to quit disposal of this item.
If Disposed, when you Inquire on this Asset, it will show as a Retired Asset Deemed Disposal and the Salvage Amount and Date will populate into the Depreciation Screen.