Dispose of a fixed asset as scrap

(0) Share

Report

Posted on by Eva

189

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

All responses (5)

Answers (2)

Suggested answer

Community Member Microsoft Employee on at

Like (0)

Report

RE: Dispose of a fixed asset as scrap

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
Eva 189 on at

Like (1)

Report

RE: Dispose of a fixed asset as scrap

Hi yzhums,

Thanks a lot, really appriciate it!

Best regards,

Eva
Eva 189 on at

Like (0)

Report

RE: Dispose of a fixed asset as scrap

Hi TeddyH,

Thank you very much!

Best regards,

Eva
Verified answer

YUN ZHU 71,565 Super User 2024 Season 2 on at

Like (1)

Report

RE: Dispose of a fixed asset as scrap

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
Verified answer

TeddyH 12,868 Super User 2024 Season 1 on at

Like (1)

Report

RE: Dispose of a fixed asset as scrap

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