Disposing an Asset in Multiple Books
Upon disposal, the asset will be disposed in all associated accounting books. The accounting and tax methods associated to the accounting books will create depreciation histories.
When disposing an asset by write-off, a journal entry is generated to write-off the tax methods that are associated to accounting books. Disposing an asset by sale generates a book generic invoice that uses the primary book’s residual value.
To dispose an asset, follow the procedure in Asset Disposal by Sale or Write-Off.