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Fixed Asset Disposal

Sale

In the sale of an asset, Dynamics 365 utilises free-text invoices in the sales ledger module. Users will select the asset, main revenue account, and an amount in the free-text invoice form.

Scrap

Scrap requires the elimination of transactions, which include an asset’s acquisition and accumulated depreciation transactions and other fixed asset transactions. Elimination of these transactions affects balance sheet accounts, such as acquisition adjustment, depreciation adjustment, revaluation, write-up, and write-down accounts.

Ledger Posting

For both transaction types, the ledger account is credited for the disposal value of the fixed asset. The debit is posted to an offset account, which might be, for example, a bank account. If a fixed asset is sold to a customer, the customer account is used instead of the offset account.