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After some period of fixed asset usage, the organization may decide to sell the asset; however, the sale may require certain time - one or more periods. The fixed asset becomes the asset held for sale and its net book value is will be recorded to the GL account named as Assets Classified as Held for Sale and removed from the Fixed Asset GL account. Also, as the document is posted, depreciation calculation for the listed assets will be stopped.
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The Preparations for Fixed Asset Sales list includes all the Preparation for Fixed Asset Sale documents available in the system. If you don't see a specific document, rearrange the list by date or document number or use the Search field to locate the document by the sales amount, or a string in fixed asset description, or in inventory number. You can change the list display settings to suit your particular needs. To learn more about the list display settings, see Working with the item list.
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