Dispose of an asset

Calculate Depreciation for the month before the month of disposal on the asset before disposing. This will ensure that the system calculates the Depreciation this Run and Gain/Loss correctly.

In Sage Fixed Assets - Depreciation

1. Go to Asset, then select Asset List.
2. Select the Asset, then click Asset Detail button at bottom of window.
3. Click Dispose an asset from Tasks.
   Alternatively: From the top menu, click Asset, Dispose...
4. On the Disposal screen, enter the Disposal Date, Disposal Method, and Cash/Non-cash proceeds or Expense of Sale.
5. Click Calculate to calculate the Gain/Loss.
6. Click OK to save the disposal.

Important Information

• Run the Disposal Worksheet by clicking the Worksheet button. This provides a breakdown of the disposal and the Gain/Loss calculations
• Calculate depreciation before the asset appears on any report, no matter its Disposal Date, or Current Thru date
• If the Disposal is in a prior period, adjust the general ledger accounts the asset belongs to
• You can’t dispose of an asset before any book’s
  • Beginning Date
  • Current Thru Date
  • Period Close Date
  • Placed-in-Service Date
• Run depreciation to a period before the date of the disposal for all books