Disposing of Part of an Asset's Quantity

There are two stages involved in the part disposal of an asset:
  1. If part of the asset has been sold, use Ledger Entry (LEN) to manually post any sales proceeds for that part of the asset.
    Note:  You must post the proceeds of the sale prior to disposing of the part quantity of the asset.
  2. Use Asset Part Disposal (FAF) to select the asset and enter the quantity that you want to dispose of.

Once an asset has been processed by Asset Part Disposal, the Part Disposed flag and the Part Disposal Period are both set appropriately for the asset on the Asset Record (FAS).

Note:  Asset budgets are not checked or modified by part disposals. If you are using over-expenditure checking, transactions are posted during Asset Part Disposal even if budgets are exceeded.