Dispose of a fixed asset as scrap

(0) Share

Report

Posted on by Eva

Hi!

I have a question, how can I scrap a fixed asset (dispose of a fixed asset as scrap) in NAV? Just for fixed assets that are no longer in use due to the fact that it is no longer in use or destroyed). I would really appriciate a step-by-step description if possible.

Thanks in advance!

Best regards,
Eva

I have the same question (0)

All responses (5)

Answers (2)

Sort by

Verified answer

Teddy Herryanto (Th... 14,306 Super User 2026 Season 1 on at

Like (1)

Report
Copy link

Link copied!

Check this one. Look at Disposing a Fixed Asset by Posting a Fixed Asset G/L Journal.

wiki.chasesoftware.co.za/.../How to: Dispose a Fixed Asset

Was this reply helpful? Yes No
Verified answer

YUN ZHU 100,696 Super User 2026 Season 1 on at

Like (1)

Report
Copy link

Link copied!

Hi, select Disposal in FA Posting Type field on the FA G/L Journals page.

More details:

https://docs.microsoft.com/en-us/dynamics-nav-app/fa-how-dispose-retire

Hope this will help.

Thanks.

ZHU

Was this reply helpful? Yes No
Eva 16 on at

Like (0)

Report
Copy link

Link copied!

Hi TeddyH,

Thank you very much!

Best regards,

Eva

Was this reply helpful? Yes No
Eva 16 on at

Like (1)

Report
Copy link

Link copied!

Hi yzhums,

Thanks a lot, really appriciate it!

Best regards,

Eva

Was this reply helpful? Yes No
Suggested answer

Community Member on at

Like (0)

Report
Copy link

Link copied!

Eva,

Since you are most likely integrated to the General Ledger and you are disposing of the Fixed Asset with no monetary gain, open the Fixed Asset G/L Journal.

You will enter the Posting Date and FA Posting Date, the Fixed Asset to dispose, FA Posting Type = Disposal. I am guessing your Asset has 0.00 Net Book Value so the disposal will close out the Asset on the Balance Sheet with no Gain/(Loss) on Disposal. If their is residual value this will book the G/L Account on Disposal (Loss).

Hope this helps.

Thanks,

Steve

Was this reply helpful? Yes No