If you sell or otherwise dispose of part of a fixed asset, you
must split up the asset before you can record the disposal
transaction.
To Post Partial Disposals:
The following procedure is described using the numbers from the
following example: A segment of a computer is sold for 500. This
segment represents 1/4 of the market value.
You must reclassify the asset into two assets: one asset having
an acquisition cost of 1/4 of the total acquisition cost and
depreciation amount and the other one having 3/4 of the total
acquisition cost and depreciation amount.
Create a fixed asset card for a new fixed asset.
Set up an FA depreciation book in which you attach a
depreciation book to this asset.
Fill in a journal line to move 25% of the old asset to the new
asset. For Help about a specific field, place the cursor in the
field and press F1.
Click Reclassify.
Close the window.
The program creates the necessary lines in the FA G/L journal
using the template and batch you have specified in the FA Journal Setup window for the selected
depreciation book.
Enter the balancing accounts Acquisition Cost Account and Accum. Depr. (The accounts must have a
check mark in the Direct
Posting field in the G/L
Account Card window).
Click Posting, and then
Post to post the journal.
Note
If you set up all the balancing accounts in
the FA Posting Group Card
window, you can have the program insert the balancing lines
automatically in the FA G/L journal by clicking Functions and then Insert FA Bal. Account from the
journal.
FA Reclass.
Journal window.