Dispose asset prepares a journal that removes the asset's cost and accumulated depreciation and records any gain or loss. The workflow instructs you to prepare and review depreciation through the prior month first.
Open the asset and inspect its schedule, posted depreciation and current status. Resolve pending asset journals, estimate changes or correction requests before continuing where the controls require it. The disposal calculation depends on current reviewed evidence.
Choose a supported Disposal date and inspect the recorded proceeds source if the asset was sold. The form limits the date to the supported range from the in-service date through the current date. Review the exact gain or loss and required account mapping.
Prepare the disposal journal and complete its permitted review in Journals. A prepared request is not yet the same as a posted disposal. Return to the asset afterward to confirm its status and Disposal history. Keep the original acquisition and depreciation records intact so the full sequence remains traceable.
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