How to perform a disposal

Note: Calculate Depreciation for the month before the month of disposal on the asset before disposing. This will ensure the Depreciation this Run and Gain/Loss are calculated correctly.

In Sage Fixed Assets - Depreciation:

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

Notes:

• Run the Disposal Worksheet by clicking the Worksheet button. This provides a breakdown of the disposal and the Gain/Loss calculations.
• Regardless of the Disposal Date or Current Thru date of the asset, you must calculate Depreciation before the asset will appear on any report.
• If the Disposal is in a prior period, adjust the general ledger accounts the asset belongs to.
• You can’t dispose of an asset on a date that before the Beginning Date, Current Thru Date, Period Close Date or Placed-in-service Date of ANY book in the asset. You must run depreciation to a period before the date of the disposal for all books.