Asset is depreciating or fully depreciated and identified to be removed from the asset list. 1. Navigate to Fixed Assets ; Transactions ; Asset Dispose 2. Select Writeoff for Disposal Type 3. Disposal Date Enter posting date for the disposal 4. Quantity to Dispose Enter the Quantity to Dispose 5. If Location does not default from the asset enter an applicable Location 6. Click Add 7. (Optional) Follow Steps 8 through 11 to writeoff additional assets 8. Click Dispose 1. Asset Status is Disposed 2. Asset Sale/Disposal Subtab includes Disposal Date 3. Journal Entry is created crediting the Asset Cost and debiting Accumulated Depreciation remaining is booked to sale of asset account