Disposal properties
When you dispose of assets, you must specify the type or method of disposal. You can define disposal properties that indicate methods of disposal. You can tag disposals for specific reporting requirements.
For example, the disposal type of abandoned is not specific enough and you want to define disposal properties that further explain the disposal type. Another common example is the use of disposal properties to tag disposals for tax reporting. The US Federal tax code requires reporting on disposal of specific types of property.
Consult your tax advisor to determine if you have US tax reporting requirements for disposal property. A disposal Property Report contains the disposal property data. You can also use the report's disposal options to limit the report output to assets of a specific disposal property.