Fixed Asset Disposal Sale/Scrap:
Fixed Assets Are Sold on a value or can be recorded at a Zero amount (Scrap)
To record Fixed Asset Disposal user will, Go to>Fixed Assets>>Journal entries>FA Journal
Create a New FA Disposal Journal and open “Lines”
Choose the transaction type “Disposal-Sale”, Fill in the FA account and enter Sale price
Choose an Offset account and select Financial dimensions if applicable. At the end Validate & Post the Journal
To Record a Fixed Asset Scrap:
– Choose transaction type “Disposal Scrap
– Choose FA account
– Keep the Amount fields “Blank”
After entering all the details Validate & Post the FA Disposal Journal
