Disposal of Fixed Asset

hungryandfool

Dear Experts,

I have passed an acquisition cost and depreciation value for a plant and machinery fixed asset.
Now its required to sell a part of fixed asset.
So I split the plant and machinery F.A. into two F.A (lets say into FA1 and FA2).
But now the client says that he wants to sell the split FA2 in the form of four nos. in four separate sales invoices.
My main problem is that as soon as I pass a sales invoice against the FA2 for quantity one, a disposal entry is passed against FA2 and thus we cannot pass any more entry against FA2 for any more quantity.

Kindly help.

hungryandfool

Sorry, but any advice. I really need it. [-o<

lavanyaballurgi

May be you should split FA2 also into 4 child assets..

hungryandfool

lavanyaballurgi wrote:

May be you should split FA2 also into 4 child assets..

Thanks a lot lavanyaballurgi for replying.
Other than resplitting FA2 we don't have any options. I am asking this because the client is insisting that, if the no. of assets are more than resplitting option might not be praticle.

Thanks.

jglathe

Hi,

there's another option: Post your sales invoices against an interim account, dispose the FA against the interim account with the sum of these invoices in a FA gen. journal.

with best regards

Jens

hungryandfool

jglathe wrote:

Hi,

there's another option: Post your sales invoices against an interim account, dispose the FA against the interim account with the sum of these invoices in a FA gen. journal.

with best regards

Jens

Thanks a lot for the advice Jens. =D>