Asset Keeper Pro - Dispose Assets

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Asset Keeper Pro - Dispose AssetsDispose Assets - Asset ListingWhen an asset has been sold, abandoned, or destroyed, you should use the Dispose option to reflectthat it is no longer available for use. During the Reset for a New Year, disposed assets are removedfrom the file so they don't continue to clutter the reports with assets that have no depreciation.You can dispose of an individual asset from the Asset Listing by using the toolbar button shown here.Asset Keeper Pro - Dispose AssetsPage 1

Asset Keeper Pro - Dispose AssetsAsset Listing - Dispose typesWhen you click the Dispose button, you will be asked whether you want to do a FULL, PARTIAL, orBULK disposal as shown below.Asset Keeper Pro - Dispose AssetsPage 2

Asset Keeper Pro - Dispose AssetsDispose Assets - Add / Edit screenYou can also dispose of assets while in the Add / Edit screen by clicking the Dispose button in thetoolbar.Unlike disposing of an asset from the Asset Listing, you are not asked what type of disposal (full, partial,or bulk) you want to perform; however, you can select these options on the Disposal screen that isshown next.Asset Keeper Pro - Dispose AssetsPage 3

Asset Keeper Pro - Dispose AssetsDisposal Screen - Full DisposalThe Disposal screen allows you to do a Full, Partial, or Bulk disposal based on your selection at the topof the screen. In the screen shot below, the Full disposal option is selected. The assets selected on theAsset Listing or the Add / Edit screen will be the asset disposed.The fields and options shown pertain to disposing of the asset. You can also use the checkbox at thetop right of the screen to keep the asset from printing on the IRS Form 4797, if printed. There is also anoption to have the selling price auto-calculated so that the disposal will result in no gain or loss.Asset Keeper Pro - Dispose AssetsPage 4

Asset Keeper Pro - Dispose AssetsDisposal Screen - PartialIf you select partial disposal, there are additional options as shown below that are specically fordisposing of a part of the asset. The assets selected on the Asset Listing or the Add / Edit screen willbe the asset partially disposed.If you partially dispose of an asset, it will be split into two assets based on the information entered onthe Disposal screen and the asset representing the percentage to dispose will be disposed.Asset Keeper Pro - Dispose AssetsPage 5

Asset Keeper Pro - Dispose AssetsDisposal Screen - BulkThe first thing to note is that when doing a bulk disposal, the asset selected on the Asset Listing or theAdd / Edit screen does NOT have to be one of the assets included in the bulk disposal.When you select Bulk disposal, there are a number of options that pertain to how the selling price willbe allocated to all the assets disposed. You will also need to use the Select Assets button to select theassets that you want to dispose.Asset Keeper Pro - Dispose AssetsPage 6

Asset Keeper Pro - Dispose AssetsFull Disposal ReviewIf you do a full disposal, a review screen will be displayed where you can see the results of the disposaland select additional options pertaining to where the asset will be reported on the IRS Form 4797.The review screen is not displayed if you do a partial or bulk disposal; however, these options can bechanged for any disposed asset when you select the IRS Form 4797 to preview or print.Asset Keeper Pro - Dispose AssetsPage 7

Asset Keeper Pro - Dispose AssetsPost Disposal ChangesAfter an asset has been disposed you can change the date sold and selling price by editing the asset. Ifyou wish to make other changes, then you will need to undo the disposal and dispose of the asset(s)again.Asset Keeper Pro - Dispose AssetsPage 8

Asset Keeper Pro - Dispose AssetsUndo DisposalIf you want to re-do the disposal, you will need to use the Undo Disposal option to first restore theasset(s) to their active status. To undo a full or partial disposal, with the disposed asset displayed, clickthe Dispose button in the toolbar of the Add / Edit screen and select Undo Disposal. For a bulkdisposal, you must select one of the assets included in the bulk disposal, then select Undo Disposal.For a full or partial disposal, you must select the disposed asset that you want to make active.When you click the Undo Disposal option, Asset Keeper Pro can automatically determine if the assetwas fully disposed, partially disposed, or part of a bulk disposal and undo one or more disposalsproperly.Asset Keeper Pro - Dispose AssetsPage 9

When you click the Undo Disposal option, Asset Keeper Pro can automatically determine if the asset was fully disposed, partially disposed, or part of a bulk disposal and undo one or more disposals properly. Asset Keeper Pro - Dispose Assets Asset Keeper Pro - Dispose Assets Page 9. Title: Asset Keeper Pro - Dispose Assets

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