Entering the Book calculation information for disposed assets

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When you enter a casualty / theft disposal (with or without replacement) or a like-kind exchange, you can enter Book calculation information.

To enter the Book calculation information, complete the following steps.

  1. Open the desired client.
  2. Choose Setup > Treatments.
  3. Highlight the Book treatment and click the Options button.
  4. In the Calculation tab of the Treatment Options dialog, mark the Follow GAAP calculations for disposals checkbox, and then click OK.
  5. In the Asset List window, click the appropriate activity folder.
  6. Select the asset you want to dispose of and click the Modify button.
  7. In the Asset Detail dialog, click the Disposal tab.
  8. Select Casualty / Theft - No Replacement, Casualty / Theft - Replacement, or Like-Kind Exchange in the Method field.
  9. Enter date on which the asset was disposed of in the Date disposed field.
  10. Click the Book Calculation button.
  11. Enter the appropriate information in the Book Calculation dialog. To view detailed information on the fields in this dialog, see the Book Calculation dialog overview.
  12. Click OK.

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