Book Image

Microsoft Dynamics AX 2012 R3 Financial Management

By : Mohamed Aamer Ala El Din (USD)
Book Image

Microsoft Dynamics AX 2012 R3 Financial Management

By: Mohamed Aamer Ala El Din (USD)

Overview of this book

Table of Contents (18 chapters)
Microsoft Dynamics AX 2012 R3 Financial Management
Credits
About the Author
Acknowledgments
About the Reviewers
www.PacktPub.com
Preface
Index

Fixed asset disposal sale


Assume that the disposal sale transaction occurred in a company that decided to sell a car, which is a fixed asset. This transaction that took place of selling a fixed asset occurred through the free text invoice in Accounts receivable. The posting profile of a disposal sale considers the following:

  • Depreciation (prior years): The total depreciations of prior years will be reversed; the ledger account is the accumulated depreciation account, and the offset account is the fixed assets gain/loss account.

  • Depreciation (this year): The total depreciations of the current year will be reversed; the ledger account is the accumulated depreciation account, and the offset account is the fixed assets gain/loss account.

  • Acquisition value: The acquisition value will be reversed; the ledger account is the fixed assets account, and the offset account is the fixed assets gain/loss account.

  • Net book value: The ledger account is the fixed assets gain/loss account, and the offset...