How to Record the Disposal of an Asset?

The Disposal feature allows users to remove an asset from the system when it is no longer in use or has become unusable, regardless of whether its book value has fully depreciated or not. 

Steps to Add Disposal:

1. Navigate to Fixed Asset module

   • Select the "Disposal" tab.

2. Initiate New Disposal Entry:

   • Click on the "New Disposal" button to open the disposal entry form.
3. 

4. Enter Disposal Details:

   • Date: Select the date of disposal.
   • Code: A unique disposal code will be auto-generated by the system.
   • Select Item: Choose the asset item you wish to dispose of from the dropdown list.
   • Lot Number: Select the lot number of the specific item being disposed of.
   • Available Quantity: The system will show the available quantity of the item. 
   • Description (Optional): Add any additional notes or reasons for the disposal of the asset.

5. Amount (Auto-Fetched):

   • The Amount field will automatically fetch the book value of the asset.
     • If the book value is 0, it indicates the asset has been fully depreciated.
     • If the book value is greater than 0, the asset is being disposed of before its depreciation is complete.

6. Save the Disposal Entry:

   • Click "Save & New" to record and add another disposal entry.
   • Or click "Save & Close" to finalize the entry and return to the disposal list.