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1 Retirement with Customer F-92

1. The following transaction will be posted manually on approval of proposal for write off of assets, Loss, Retirement and Scrapping of Assets (WDV) A/C ..Dr. xx,xxx To Provision for Asset Obsolescence A/C Cr. xx,xxx

2. To retire asset with customer, follow the path or transaction code; Menu path Transaction Code Accounting Financial Accounting Fixed Assets Posting Retirement Retirement with revenue with customer F-92

3. Provide the following mandatory fields as detailed in the screen;

4. First line item by default the system will select customer. Posting key 01 is for Customer debit. 5. Select Customer account number from the list and press on Enter to proceed with the transaction.

6. For second line item posting key for GL credit is 50. 7. Since the account is expense account, an assignment is required for in the cost center field. 8. Select enter to proceed.

9. Select Asset retirement option from the screen and click on enter button to enter asset details.

10. Enter asset number, asset value date and select the complete retirement if the retirement is for full asset. 11. If the retirement is partial, then post amount in the Amount posted field.

12. Click on OK button or press enter. Go to menu bar document simulate.

13. System automatically calculates Gain/Loss on sale of asset. 14. Click the save button once the entries have been confirmed.

15. The message bar displays The system task is complete. 16. Once the assets has been disposed, post the following transaction, Provision for Asset Obsolescence A/C Dr. To Loss, Retirement and Scrapping of Assets (WDV) A/C..... Cr.