Fixed Asset Disposal Entry

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Fixed Asset Disposal Entry

This is to maintain a disposal value for assets being disposed, so that Gain/Loss on Asset Disposal Report can be produced.

First of all, go to G/L > Fixed Asset Disposal Entry

Click on New

Select fixed asset account, assign transaction date, key in description and disposal value:


FAD1.png


Click on OK.

Secondly, create a journal entry for depreciation asset.