Learn More About...
Review background information on sold and scrapped asset items, or the effects of undoing an asset item's disposal.
- Related Topics:
- Cash Receipt Entries for Asset Items That Are Sold
When you dispose of an asset item by selling it, a cash receipt transaction is automatically posted when you process the disposal. - Journal Entries for Asset Items That Are Scrapped
When you dispose of an asset item by scrapping it, a journal entry is automatically posted when you process the disposal. - Undoing the Disposal of an Asset Item
If necessary, you can undo the posting for an asset item's disposal. You must perform the undoing of the disposal posting in the accounting period in which the asset item was disposed.
Parent Topic: Disposal Processing