AM40.1 – Disposals

About AM40.1

Use Disposals (AM40.1) to dispose of assets. This program processes fullasset and partial asset disposals. **Processing Effect You can select either Full or Partial in the Disposal field. A Full disposal will dispose the asset completely using only this form. A partial disposal requires that you use Items (AM40.2) to select the items and quantities to be disposed. If you select Full disposal, use the options on the Book Override tab to vary the Proceeds and Expense amounts for the item. Once you start the disposal and select the items (in the case of a partial item disposal only), the program navigates to Gain or Loss (AM40.3), where system-prompted proceeds, cost of sales, disposal depreciation and gain or loss amounts are calculated in each asset book currency. You can accept or change any of these amounts. After AM40.3, the program navigates to Journal Entries (AM40.4), the general ledger entry program where you can add, change, or accept system-prompted entries. The general ledger date defaults from the disposal date. Once you have disposed of assets, you can release (update) them either online using AM40.1 or in mass using Processing Release (AM170). If journal entries are created, the program will not navigate to AM40.4 even if the Display Journal Entries option is enabled in the System Options (AM16.1). To view the entries, navigate to AM40.4 or run the Transaction Report (AM275) report.

Updated files (32)

Referenced files (27)

Related forms

• AM40.2 Items
• AM40.3 Gain or Loss
• AM40.4 Journal Entries

Program calls

Invoked programs (20)

ACAC, ACTA, API4, GLCC, IFAC, IFAU, IFCU, IFFC, IFGT, IFLU, IFOB, IFRS, IFSC, IFSG, IFUP, SLFD, SLSB, SLSE, SLSS, SLSU