Use this optional screen to enter projected disposals of currently owned depreciable assets for which disposals are anticipated in advance of their stated useful life. This data can be factored into the Compute Projected Depreciation process so that future projected depreciation will not be overstated by events of this nature. Corporate reorganizations, acquisitions, divestitures, and/or mergers most commonly create the need for premature asset dispositions.
Because the purpose for projections functionality is to provide depreciation expense forecasts for budgeting purposes, it is assumed that you will enter projected disposals only for currently owned depreciable assets in this screen.
Data entered in this screen is not the equivalent of disposal data entered in the Disposal Info subtask of an Asset Master record (or in the Maintain Asset Disposal Info screen) nor is it the equivalent of data entered in the Maintain Single/Multiple Disposal Transactions screens. As a result, disposal data entered in this screen will never be posted to the G/L or merged in any manner with a currently owned Asset Master record.
Your entries in this screen tell the system, for projection purposes only, to stop depreciating a currently owned asset in the fiscal year and period that you specify before it has reached the end of the useful life assigned to it via its depreciation method code.
You can print data from this screen using the Print Projected Asset Disposals Report.
You can only enter projected premature disposals for existing Asset Master records. You can enter projected asset disposals at any time in this screen. If you want the system to factor in premature disposals from this screen when computing future depreciation expense, however, you should enter all future premature disposal data in this screen before you run the Compute Projected Depreciation process.
Data entered in this screen is retained until you make edits or deletions.
When you first open this screen, the number of existing records in the projected disposals table (FA_PRJTD_DISP) controls the system rules for populating the columns in the table window, as follows:
If you have fewer than 1,000 records in the table, this table window will be populated with data for all your existing projected disposal records. You can then use the Subquery button on the toolbar to select a specific subset of records, if desired.
If there are 1,000 records or more in the table, Subquery will be invoked by the system and will display in the table window. You will then need to select the records you want to access using the Subquery screen.
To enter a new projected asset disposal in this screen for a currently owned asset, select the New Line button on the toolbar and use Lookup to select the desired Asset Master record from your currently owned existing asset records. This is a special lookup to the ASSET table in that the assets displayed for selection are limited to depreciable assets only.
To edit existing projected asset disposal data in this screen, you can access the desired row directly or you can use Subquery or Find to select the desired record(s).
Use Lookup to select the desired Asset Master record from your currently owned existing asset records. This is a special lookup to the ASSET table in that the assets displayed for selection are limited to depreciable assets only.
To edit existing projected asset disposal data in this screen, you can access the desired row directly or you can use Subquery or Find to select the desired record(s).
This field displays the optional short description entered for this record, if applicable. You cannot edit this field in this screen.
The Short Description data may have been entered/edited in the Maintain Asset Master Info main screen or in the Maintain Asset Desc Info screen. Any edits to the Short Description column must be made in the Maintain Asset Master Info main screen or in the Maintain Asset Desc Info screen.
Enter, or use Lookup to select, the projected fiscal year of disposal. This field is required.
The fiscal years available for selection include only those fiscal years already set up in the Maintain FA Fiscal Years screen. If you need to enter a future fiscal year that is not displayed in the Lookup screen, you must first exit this screen and establish the additional fiscal years and period data in the Maintain FA Fiscal Years and Maintain FA Accounting Periods screens.
Enter the projected accounting period of disposal. This field is required.
The fiscal years available for selection include only those fiscal years already set up in the Maintain FA Fiscal Years screen. If you need to enter a future fiscal year that is not displayed in the drop-down box, you must first exit this screen and establish the additional fiscal years and period data in the Maintain FA Fiscal Years and Maintain FA Accounting Periods screens.
This non-editable column displays the asset "ownership" account entered or edited for this record in the Account field in the Account Info for G/L Book subtask of the Maintain Asset Master Info screen or in the Asset Account field in the Maintain Asset Account Info screen. You can edit the Asset Account column in the Account Info for G/L Book subtask of the Maintain Asset Master Info screen or in the Maintain Asset Account Info screen.
This column displays the asset "ownership" organization entered or edited for this record in the Organization field in the Account Info for G/L Book subtask of the Maintain Asset Master Info screen or the Asset Organization field in the Maintain Asset Account Info screen. This column is not available for user entry or edits in this screen. You can edit the Asset Organization column in the Account Info for G/L Book subtask of the Maintain Asset Master Info screen or in the Maintain Asset Account Info screen.
This column displays the optional asset "ownership" project entered or edited for this record in the Project field in the Account Info for G/L Book subtask of the Maintain Asset Master Info screen or the Asset Project field in the Maintain Asset Account Info screen. This column is not available for user entry or edits in this screen. You can edit the Asset Project column in the Account Info for G/L Book subtask of the Maintain Asset Master Info screen or in the Maintain Asset Account Info screen.
This non-editable column displays the account description related to the account in the Asset Account column.
This non-editable column displays the organization description related to the organization in the Asset Organization column.
This non-editable column displays the project description related to the project in the Asset Project column, as applicable.
The Projected Disposals (FA_PRJTD_DISP) table stores the results of data entered or edited in this screen.
Lookups, as applicable, access the following tables:
ASSET (Asset)
FA_FY_INFO (Fixed Assets FY Info)
FA_PD_INFO (Fixed Assets Pd Info)