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TC-09011 : Journal Entry is created crediting the cost and debiting the accumulated depreciation

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Process Area : F&A

Prerequisites

Asset is identified to be disposed.

Steps To Execute

 1.   Navigate to Fixed Assets ; Transactions ; Asset Disposal

2.   Select Disposal Type and Date

3.   If Disposal Type is Sale select Customer select Fixed Asset Sale for the Sale Item and Sales Tax Code (Nontaxable for Avalara for taxed items)

4.   Select the Asset to dispose.   If Disposal Type is Sale enter the sales amount

Expected Results

Journal Entry is created crediting the cost and debiting the accumulated depreciation.