MANAGE PROJECTED ASSET DISPOSALS

Use this optional screen to enter projected disposals of currently owned depreciable assets for which disposals are anticipated in advance of their stated useful life. This data can be factored into the Compute Projected Depreciation process so that future projected depreciation will not be overstated by events of this nature. Corporate reorganizations, acquisitions, divestitures, and/or mergers most commonly create the need for premature asset dispositions.

Do not use this screen to enter projected disposal data for projected purchases. Edit projected purchases, including deletions, only on the Manage Projected Asset Purchases screen.

Because the purpose for projections functionality is to provide depreciation expense forecasts for budgeting purposes, it is assumed that you will enter projected disposals only for currently owned depreciable assets on this screen.

Data entered on this screen is not the equivalent of disposal data entered in the Disp Info tab of an Asset Master record (or on the Manage Asset Disposal Information screen) nor is it the equivalent of data entered on the Manage Disposal Transactions screen. As a result, disposal data entered on this screen will never be posted to the G/L or merged in any manner with a currently owned Asset Master record.

Your entries on this screen tell the system, for projection purposes only, to stop depreciating a currently owned asset in the fiscal year and period that you specify before it has reached the end of the useful life assigned to it via its depreciation method code.

You can print data from this screen using the Print Projected Asset Disposals Report.

You can only enter projected premature disposals for existing Asset Master records. You can enter projected asset disposals at any time on this screen. If you want the system to factor in premature disposals from this screen when computing future depreciation expense, however, you should enter all future premature disposal data on this screen before you run the Compute Projected Depreciation process.

Data entered on this screen is retained until you make edits or deletions.

Location

Table Window

Asset No

To enter a new projected asset disposal on this screen for a currently owned asset, click on the toolbar and click to select the desired Asset Master record from your currently owned existing asset records. This is a special lookup to the ASSET table in that the assets displayed for selection are limited to depreciable assets only.

To edit existing projected asset disposal data on this screen, you can access the desired row directly or you can use Query to select the desired record(s).

Item No

Enter, or click to select, the desired Asset Master record from your currently owned existing asset records. This is a special lookup to the ASSET table in that the assets displayed for selection are limited to depreciable assets only.

To edit existing projected asset disposal data on this screen, you can access the desired row directly or you can use Query to select the desired record(s).

Short Description

This field displays the short description entered for this record, if applicable. You cannot edit this field on this screen.

The Short Description data may have been entered/edited on the Manage Asset Master Information screen or on the Manage Asset Description Information screen. Any edits to the Short Description column must be made on the Manage Asset Master Information screen or on the Manage Asset Description Information screen.

Projected Disp FY

Enter, or click to select, the projected fiscal year of disposal.

The fiscal years available for selection include only those fiscal years already set up on the Manage Fixed Assets Fiscal Years screen. If you need to enter a future fiscal year that is not displayed in the Lookup screen, you must first establish the additional fiscal years and period data on the Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods screens.

Although this data is required in Costpoint Fixed Assets, you do not need to set up future fiscal years and periods in Costpoint General Ledger.

Projected Disp Pd

Enter, or click to select, the projected accounting period of disposal.

The fiscal years available for selection include only those fiscal years already set up on the Manage Fixed Assets Fiscal Years screen. If you need to enter a future fiscal year that is not displayed in the Lookup, you must first establish the additional fiscal years and period data on the Manage Fixed Assets Fiscal Years and Manage Fixed Assets Accounting Periods screens.

Although this data is required in Costpoint Fixed Assets, you do not need to set up future fiscal years and periods in Costpoint General Ledger.

Asset Account

This column displays the Asset Account that corresponds to the selection made in the Asset No field. If an Asset No has not been specified yet, click to select an asset account. The asset "ownership" account is non-editable on this screen and has been entered or edited in the Asset Account field on either the Acct Info tab of the Manage Asset Master Information screen or on the Manage Asset Account Information screen. You cannot edit this column on this screen but can do so on these said two screens.

Asset Organization

This column displays the Asset Organization that corresponds to the selection made in the Asset No field. If an Asset No has not been specified yet, click to select an asset organization. The asset "ownership" organization entered or edited for this record in the Asset Organization field on either the Acct Info tab of the Manage Asset Master Information screen or on the Manage Asset Account Information screen. You cannot edit this column on this screen but can do so on these said two screens.

Asset Project

This column displays the Asset Project that corresponds to the selection made in the Asset No field. If an Asset No has not been specified yet, click to select an asset project. The asset "ownership" project entered or edited for this record in the Asset Project field on either the Acct Info tab of the Manage Asset Master Information screen or the Manage Asset Account Information screen. You cannot edit this column on this screen but can do so on these said two screens.

Account Name

This non-editable column displays the account description related to the account in the Asset Account column.

Organization Name

This non-editable column displays the organization description related to the organization in the Asset Organization column.

Project Name

This non-editable column displays the project description related to the project in the Asset Project column, as applicable.