| # Reverse Asset Book Disposal (tffam1225m000) Use this session to reverse the disposal journals of the asset book. The status of the asset book changes to Acquired from the status Disposed. You can also reverse the disposal process, when an asset book is disposed by mistake or data error. To open the session, select the asset with the status Disposed in the Assets (tffam1500m000) session and from the appropriate menu select Asset Books. To reverse the disposal process of an asset book, select the asset book and from the appropriate menu, select Reverse Asset Book Disposal. Note The reversal process of asset entries can be performed only if the status of the asset book is Disposed. Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Description The description or name of the code. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Book Identifies the book associated with the asset. Book codes permit you to define the books used by assets to record transactional data. Each asset must have at least one asset-book relationship. Description The description or name of the code. Disposal Date The date on which the disposal occurs. Reason The reason code for the disposal of the asset. Reasons codes are maintained in the Reasons (tffam6550m000) session. Description The description or name of the code. Disposal Type Indicates the reason why a fixed asset is disposed of. ADR Disposal Type The type of ADR disposal. This field is applicable only to vintage accounts or ADR type accounts. Default value None For assets in a vintage/group account, you must select the ADR disposal type in addition to your other disposal criteria. The following are the types of ADR disposals: Ordinary: The asset status is set to Disposed in the ADR book, but the asset remains in the vintage/group account and continues to depreciate until all assets in the account are disposed. Extraordinary: The asset is removed from the vintage account and subtracts the asset's total cost, accumulated depreciation, year-to-date depreciation, and salvage value from the vintage/group account. The asset status is set to Disposed in the ADR book. If the assets with Vintage/Group account types are set to MACRS Group, then the asset must be disposed using Ordinary ADR disposal type. If you set the ADR Disposal Type as None for an asset, the disposal fails. Suppress Journal Entries If this check box is selected, journal entries are not created in the General Ledger module for this transaction. Transaction Currency The currency in which the transaction amount is expressed. Home Currency The home currency of the transaction. From the Tools menu, choose Rotate Currency to switch home currencies. Rate The rate at which the asset is disposed. Rate Factor The factor by which the amount in the transaction currency or the invoice currency is divided before LN converts it to a home currency. A rate factor is often used for currencies that have a relatively low price, for example, Korean Won. The rate factor is set up in the FAM Parameters (tffam0100s000) session. Proceeds The amount received after the disposal transaction. Defined Rate The factor by which an amount in a different currency is multiplied to calculate the amount in the currency base. Reverse Disposal Reverses the disposal process of the selected asset book. |