Problem: How How to record a sale of a part of a fixed asset that is accounted for as a whole, but consists of several parts.?
Solution: In order record a sale of a part of a fixed asset that is accounted for as a whole, but consists of several parts,
you need to do the following:
Use Fixed Asset Entry and Fixed Asset Write Off as shown.
1. Write off fixed assets completely with Fixed Assets Write offs.
Go to Accounting – > Fixed Assets or Asset Management > Fixed Assets.
Create a a Fixed asset Write-off document.
Asset Write Offs document.
Go to Accounting > Fixed Assets > Fixed Assets Write Off / Asset Management > Fixed Asset Documents > Fixed Asset Write Off
A write-off involves removing of the asset from accounting and posting of additional expense
if the accumulated depreciation amount is less than the initial cost.
On this
At the Main tab, you can enter general information about the fixed asset write offsFixed Asset Write Offs.
Note that the required fields are: Correspondence Correspondence, Department, Business Activity, Expense item, and Entity.
...
and Entity.
In the Fixed Asset / ID column, select the fixed asset to be written off; its unique identifier appears automatically.
The Initial Cost (Acct. Cur.) column is populated with the initial cost of the fixed asset in the accounting currency which cost was specified on accepting the asset to accounting.
The Cost for Depreciation Calculation (Acct. Cur.) sub column is populated with the initial cost defined for depreciation calculation in the accounting currency.
The Accumulated Depreciation Calculation (Acct. Cur.) sub column is populated with the depreciation amount (in the accounting currency) accumulated on behalf of the fixed asset up to the current period.
The Current Depreciation Amount (Acct. Cur.) column shows the depreciation amount calculated for the current month in the accounting currency.
The Net Book Value (Acct. Cur.) column shows the difference between the initial cost and accumulated depreciation for the asset.
2, Inventory receive with the Net book value amount.
Go to Warehouse – Inventory Receipts.
Create an Inventory Receipts document
On Fixed Assets tab, specify the Fixed Asset being sold:
Check the transaction record:
See also Fixed Asset Write Offs
2. Create Inventory Receipts with the Net Book Value amount.
Go to Warehouse > Stock Tacking Documents >Inventory Receipts.
Enter the 3 components of the written-off fixed assetFixed Asset.
The Main tab provides general information on an Inventory Receipt.
The required fields on this tab are : Warehouse and Entity.
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Warehouse and Entity.
In the Item column create a new item. For more details, refer to items.
At Inventory tab, create and add new items.
Fill in the column's quantity, price, amountcolumns Quantity, Price, Amount.
Check the transaction record:
See also 5.3.Create fixed assets 2. Inventory Receipts
3. Create Fixed Assets in parts.
Go to Accounting – > Fixed Assets > Fixed Assets / Asset Management > Master Data > Fixed Assets.
Create new fixed assets Fixed Assets and take them into account.
Fill in the fields : Description, type Type, and class Class.
See also 12.1.1.1. Adding a Fixed Asset
Create Fixed Asset Entries for newly created Fixed Assets.
On this Main tab, enter information about an inventory item which is a fixed asset. that should be accepted as Fixed Asset
.
See also 12.2.1. Fixed Asset Entries
Generate a report to check your actions.
Repeat the same for the rest parts.
Generate Trial Balance to check Fixed Assets Entries
:
4. Sell that particular part to have the correct sales profit Profit or lossLoss.
Create a fixed asset sales Fixed Asset Sales document.
Go to Accounting – > Fixed Asset Documents > Fixed Asset Sale .
See also 12.2.5. Fixed Asset Sales
On this / Asset Management > Fixed Assets Documents > Fixed Asset Sale
On Main tab, enter general information about the sale of fixed asset-company: Company, contract Contract and legal entity Entity.
On this Fixed Assets tab, specify the fixed asset Fixed Asset being sold:
See also 12.2.5.
Fixed Asset Sales
Check the record:
Generate a report to check your actions. Trial Balance to see the result of the sale:
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# disposal fix assets sale in parts