Disposal property

Disposal properties are user-defined labels used in disposal reports to further clarify the reason for disposing of a property or to tag disposals for specific reporting needs (for example, tax reports) .

When you dispose of assets, you must specify the type (or method) of disposal involved. Disposal types are application defined.

You can also define disposal properties to specify methods of disposal not included in the disposal type, or to tag disposals for specific reporting needs.

For example, the disposal type of A (Abandoned) might not be specific enough for your need and you might want to define disposal properties that further explain the disposal type (for example, BROKEN, OBSOLETE, and so on).

Another common example is the use of disposal properties to tag disposals for tax reporting. The U.S. Federal tax code requires reporting on disposal of specific types of property. Consult your tax advisor to determine whether you have U.S. tax reporting requirements for disposal property.

Disposal Report (AM240) includes the disposal property information. You can also use the report's Disposal Options tab to limit the report output to assets of a specific disposal property.