| # Mass Dispose Assets by Book (tffam8245m000) Use this session to to specify a range of asset books to dispose. Disposals remove an asset from the General Ledger module. You record a mass disposal by book when you want to remove a large number of depreciating assets from service in one or more of their related books. You enter values the criteria fields, or leave them blank to perform the transaction on all assets in LN. You can process disposals to only one company at a time. LN uses the amount you enter on the distribution lines as criteria for the indicated source distribution lines. After you enter the disposal information, you select the books in which LN must dispose of the assets. When you dispose of assets by book, LN verifies that depreciation has been calculated up to the period in which the disposal takes effect. A mass disposal changes the status of all disposed books from Depreciating to Disposed. If all of the assets' books have been disposed, the status of the assets becomes Disposed. You can purge disposed assets from LN. Related topics Disposing Mass Asset Books Partial Exemption Disposing Asset Books Disposing Assets Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Category If you want to dispose a group of books associated with an asset that share a category, specify the range of categories associated with the assets. Category If you want to dispose a group of books associated with an asset that share a category, specify the range of categories associated with the group of assets. Default Subcategory If you want to dispose a group of books associated with an asset that share a subcategory, specify the range of subcategories associated with the assets. Default Subcategory If you want to dispose a group of books associated with an asset that share a subcategory, specify the range of subcategories associated with the group of assets. 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. Use this field to select a group of assets to be mass disposed based on the range of books associated with them. Note The book codes you select here can be different from the ones used on the Disposal Detail tab. The Book Code from and to fields on the Selection tab are used to select a range of assets based on the books they are associated with. The Book Code from and to fields on the Disposal Detail tab are used to select the books that must be disposed. Book Code 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. Use this field to select a group of assets to be mass disposed based on the range of books associated with them. Note The book codes you select here can be different from the ones used on the Disposal Detail tab. The Book Code from and to fields on the Selection tab are used to select a range of assets based on the books they are associated with. The Book Code from and to fields on the Disposal Detail tab are used to select the books that must be disposed. Group You specify the range of asset group codes associated with the assets on which you want to perform the mass disposal by book. Group You specify the range of asset group codes associated with the group of assets on which you want to perform the mass disposal by book. ITC Method You specify the range of investment tax credit (ITC) methods associated with the assets on which you want to perform a mass transaction. ITC Method You specify the range of investment tax credit (ITC) methods associated with the assets on which you want to perform a mass transaction. Auto You select certain criteria to perform the transaction. Listed You select certain criteria to perform the transaction. New You select certain criteria to perform the transaction. If you choose Selected, the transaction will be performed on those assets with this check box selected in the Asset (tffam1100s000) session. If you choose Not Selected, the transaction will occur on only those assets that do not have this check box selected in the Asset (tffam1100s000) session. If you choose N/A, the transaction will occur based on other criteria. Depreciation Code The depreciation system according to which depreciation, value reduction, revaluation, and so on are calculated. You specify the range of depreciation methods associated with the assets on which you want to perform the mass disposal by book. Depreciation Code The depreciation system according to which depreciation, value reduction, revaluation, and so on are calculated. You specify the range of depreciation methods associated with the group of assets on which you want to perform the mass disposal by book. Prop. Type A classification of fixed assets for United States legal tax depreciation requirements. You specify the range of property type codes associated with the assets on which you want to perform the mass disposal by book. Property Type Code A classification of fixed assets for United States legal tax depreciation requirements. You specify the range of property type codes associated with the group of assets on which you want to perform the mass disposal by book. Vintage/Group Account You specify the range of ADR vintage or MACRS group accounts associated with the assets on which you want to perform the mass disposal by book. Vintage/Group Acct You specify the range of ADR vintage or MACRS group accounts associated with the group of assets on which you want to perform the mass disposal by book. Service Date You specify the date range an asset was placed into service for the group of assets on which you want to perform the mass disposal by book. Service Date You specify the date range an asset was placed into service for the group of assets on which you want to perform the mass disposal by book. Default value Current date. Current Quantity You specify the range of current quantities shared by the assets on which you want to perform the mass disposal by book. Current Quantity You specify the range of current quantities shared by the group of assets on which you want to perform the mass disposal by book. Net Book Value The purchase value of an asset added with all revaluations and subtracted with all depreciations, adjustments, and reductions to the purchase value. The book value can be used as a base for the depreciation calculations. You specify the range of net book values shared by the assets on which you want to perform the mass disposal by book. Net Book Value The purchase value of an asset added with all revaluations and subtracted with all depreciations, adjustments, and reductions to the purchase value. The book value can be used as a base for the depreciation calculations. You specify the range of net book values shared by the group of assets on which you want to perform the mass disposal by book. Net Book Value One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies From the Tools menu, choose Rotate Currency to switch home currencies. Financial Company You specify the distribution company for the assets on which you want to perform the mass disposal by book. There must be a valid intercompany relationship for the selected company. Financial Company You specify the distribution company for the group of assets on which you want to perform the mass disposal by book. There must have a valid intercompany relationship for the selected company. Dummy Label You specify the location account associated with the assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You can have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You can have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You can have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Dummy Label You specify the location account associated with the group of assets on which you want to perform the mass disposal by book. You might have up to eight location segments set up which define the physical location of an asset. Disposal Date Date of the disposal. Reason Enter a reason code of the Disposal reason type for the new disposal transactions. Reason codes are maintained in the Reasons (tffam6550m000) session. The reason code of a disposal transaction can be looked up in the Disposal (tffam8540s000) subsession of the Asset Book Transaction Inquiry (tffam8501m000) session. Reason Code The description or name of the code. Disposal Type disposal type of the asset. ADR Disposal Type If one or more of the selected assets is in a vintage or group account, indicate how the disposal of the assets'ADR books must be handled. If None or Ordinary, the asset's ADR book is given a status of Disposed, but it remains in the vintage or group account and continues depreciating with the account. If Extraordinary, the asset's ADR book values are removed from the vintage account and no longer depreciates. Suppress Journal Entries If this check box is selected, journal entries are not created in the General Ledger module for this transaction. Print Error Report If this check box is selected, an error report is printed. Transaction Currency Currency of the transaction. Related topics currency home currency Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies From the Tools menu, choose Rotate Currency to switch home currencies. Rate A charge or payment fixed according to a standard scale, for example, the currency rate of the transaction. 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. Proceeds Cash or other proceeds received as a result of the disposal. You can record proceeds for any type of disposal. For example, you might use the Proceeds field to record the fair market value of an asset that you disposed of through a charitable contribution. Asset Book Specify the range of book codes you want to dispose. Note The book codes you select here can be different from the ones used on the Selection tab. The Book Code from and to fields on the Selection tab are used to select a range of assets based on the books they are associated with. The Book Code from and to fields on the Disposal Detail tab are used to select the books that must be disposed. Book Code Specify the range of book codes you want to dispose. Note The book codes you select here can be different from the ones used on the Selection tab. The Book Code from and to fields on the Selection tab are used to select a range of assets based on the books they are associated with. The Book Code from and to fields on the Disposal Detail tab are used to select the books that must be disposed. Book Type Specify the range of book types to dispose. Book Type Specify the range of book types to dispose. |