Scrap FA Object

Explanation

This activity is used to scrap a fixed asset. The scrapping of fixed assets is normally done using the Object or Objects window, but if you want to scrap a fixed asset when carrying out the fixed assets physical counting process, it is also possible to do it using the Register Object Physical Count Result window.

Prerequisites

Before you scrap an object, the following must have been completed:

• The status of the object(s) to be scrapped must be Active.
• The Scrap Object operation can be performed if the compensation is zero (0).
• A voucher type for which the function group is A and the ledger selection is GL, Affect IL must exist and it must not be connected to a book.
• If you want to use the Register Object Physical Count Result window to perform this activity, the count status of the object to be scrapped must be Missing.

System Effects

As a result of this activity, the object status is altered to Scrapped  and the Disposal Date field in the Object window will be changed by the scrap date . The disposal date (scrap date) of the object cannot be before the latest acquisition event date of the object. A voucher is created with postings in connection with scrapping.

Window

Object
Register Object Physical Count Result

Related Window Descriptions

Object
Depreciation Method
Register Object Physical Count Result
Scrap Object

Procedure

Use the following procedure to scrap a fixed asset:

1. Open the Object or Objects window and query for the object that you want to scrap.
2. Right-click and click Scrap Object to open the Scrap Object window. (Note: In the Objects window, you are required to select the objects in order to right-click and click Scrap Object.)
3. Change the scrap date, event date, voucher date, voucher type or the user group if necessary. (Note: The scrap date must not be before the latest acquisition date shown in the window).
4. Use the List of Values to enter a value in the Disposal Reason field.
5. Click Save. An information message will be raised asking you whether a check should be performed on the selected object(s) with respect to depreciation.
6. Click Yes if you require a check to be done. Note: If all the depreciations have been performed based on the disposal principle of the depreciation method then it will continue to scrap. If not another information message will be raised asking to interrupt the process in order to perform the missing depreciations . Click Yes to continue.
7. Click No to scrap the object without checking for the missing depreciations.

Or

To scrap a fixed asset of which the count status is Missing after a physical count:

1. Open the Register Object Physical Count Result window and query for the physical count which includes the object that you want to scrap.
2. Select the object that you want to scrap, right-click and click Scrap Object to open the Scrap Object window.
3. Follow steps 3-7 of the former procedure.