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AM11.1 - Disposal Property
**Form Purpose
Use Disposal Property (AM11.1) to define and maintain disposal properties,
one code at a time. Disposal properties are used in disposal reports to
further clarify the reason for disposing of a property or to tag disposals for
specific reporting needs (for example, tax reports). Disposal properties are
optional and do not affect depreciation calculations.
**More Information
Asset Management provides eight predefined disposal types: Abandoned,
Donated, Exchanged, Retired, Sold, Traded, Other, and Purge. You must assign a
disposal type when you dispose of a property, using Disposals (AM40.1) or Mass
Disposals (AM145). On the same forms, you can also assign a disposal property.
One use of disposal properties is to further clarify the Other disposal type
(for example, define a disposal property of Broken or Stolen). Another use is
to tag the disposal so it can be reported on for special reporting needs. (For
example, you could tag all disposals that the IRS requires you to report on
IRS Section 1245 with a disposal property named 1245.)
Choose the Multiple Entry button to open Disposal Properties (AM11.2) where
you can define and maintain multiple disposal property codes.
To generate a listing of property disposal codes, run System Setup Listing
(AM200).
Updated Files
AMDSPPROP - Used to store optional disposal property names and their
descriptions.
Referenced Files
None.
AM11.2 - Disposal Properties
**Form Purpose
Use Disposal Properties (AM11.2) to define and maintain multiple disposal
properties. Disposal properties are used in disposal reports to further
clarify the reason for disposing of a property or to tag disposals for
specific reporting needs (for example, tax reports). Disposal properties are
optional and do not affect depreciation calculations.
**More Information
Asset Management provides eight predefined disposal types: Abandoned,
Donated, Exchanged, Retired, Sold, Traded, Other, and Purge. You must assign a
disposal type when you dispose of a property, using Disposals (AM40.1) or Mass
Disposals (AM145). On the same forms, you can also assign a disposal property.
One use of disposal properties is to further clarify the Other disposal type.
(For example, you could define a disposal code for Broken or Stolen.) Another
use is to tag the disposal so it can be reported on for special reporting
needs. (For example, you could tag all disposals that the IRS requires you to
report on IRS Section 1245 with a property disposal code named 1245.)
To generate a listing of property disposal codes, run System Setup Listing
(AM200).
Updated Files
AMDSPPROP - Used to store optional disposal property names and their
descriptions.
Referenced Files
None.
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