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See also: Disposal tab or Enter Disposal Information dialog overview
Use this dialog to view and adjust the asset's Book calculation.
After opening the asset module's
Asset Detail dialog for the appropriate asset, click the Disposal tab. The Book Calculation button is available when you select either Casualty/Theft - No Replacement, Casualty/Theft - Replacement, or Like-Kind Exchange from the drop-down list in the Method field. Click the Book Calculation button to open this dialog.
Note: This button is available only if the Follow GAAP calculations for disposals checkbox is marked in the Setup > Treatments > Options dialog for the Book treatment.
Fields & buttons
Note: The fields that appear in this dialog vary depending on the method of disposal.
This field displays the fair market value of the asset that was received as reimbursement for the Casualty / Theft - Replacement asset.
Note: This field is available only if the asset was disposed of using the Casualty / Theft - Replacement method of disposal.
This is the original basis of the asset calculated with depreciation allowed or allowable. (Depreciation allowed or allowable is the greater of depreciation that should have been taken or the depreciation actually taken.)
The application calculates the gain recognized or the loss realized on the exchange and displays it in this field.
To view an on-screen explanation of how the application calculated the gain/loss recognized, click the underlined field label to open the Recognized Gain/Recognized (Loss) dialog.
The application calculates and displays the deferred gain in this field.
To view an on-screen explanation of how the application calculated the deferred gain amount, click the underlined field label to open the Deferred Gain dialog.
Note: This field is available only for the Casualty / Theft - Replacement and Like-Kind Exchange methods of disposal.
The following fields are available only if the asset was disposed of through a like-kind exchange.
Enter the FMV (fair market value) of the like-kind property given to the other party in the exchange.
Note: This field is available only if the asset was disposed of using the Like-Kind Exchange method of disposal.
Mark this checkbox if the acquisition of this asset is a significant transaction, in that all gain is recognized.
Note: This checkbox is available only for like-kind exchanges.