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E1: 12: Processing Fixed Asset Single and Mass Disposals (P12105/R12104) (Asset Impairment Process) (Doc ID 837457.1)

Last updated on MARCH 13, 2020

Applies to:

JD Edwards EnterpriseOne Fixed Assets - Version XE and later
Information in this document applies to any platform.

Purpose

Overview

The Single Asset Disposal (G1222/P12105) and the Mass Asset Disposal (G1222/R12104) programs can be used to record asset disposals in the General Ledger and Fixed Assets.  The system will update the Asset Master record (F1201) with the disposal date and the method of disposal (i.e. sold, scrapped, charity etc…).  It will also create journal entries to record the disposal in both the General Ledger (F0902) and Fixed Asset Balance table (F1202).  The disposal journal entries must be posted first to the General Ledger using the General Ledger Post (G1222/R09801) and then to Fixed Assets using either the Post GL to Fixed Assets (G1222/R12800) or the Revise Unposted Entries (G1212/P12102).  The disposal programs will automatically create disposal journal entries for the AA ledger.  If tax ledgers need to be disposed as well, they can be specified on the Process tab in the processing options on both the P12105 and the R12104.  If the cash proceeds need to be recorded to the alternate ledgers, besides the AA ledger, make sure that the processing options on the Post G/L Entries to Assets (R12800) and Revise Unposted Entries (P12102) have the Ledger Types populated.  These are located on the Ledger Types Tab of each of the programs (R12800/P12102).

Scope

This document provides information and instructions on how to execute Single and Mass Asset Disposals using JD Edwards EnterpriseOne Single Asset Disposal program (G1222/P12105) and JD Edwards EnterpriseOne Mass Asset Disposal program (G1222/R12104).   This process is also referred to deactivate, disable, or impair an Asset (Asset Impairment Process).

Also refer to E1: 12: P12105/R12104 Asset Disposal FAQ Document 644137.1 and E1: 12: Fixed Assets Single and Mass Disposals Errors, Causes and Steps to Correct (P12105/R12104) (Doc ID 1921401.1)

Details

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In this Document
Purpose
 Overview
Scope
Details
 Set Up
 Single Asset Disposals – P12105
 Processing Options – P12105
 Executing a Single Asset Simple Disposal with No Proceeds (Type 1)
 Executing a Single Asset Simple Disposal with Cash Proceeds (Type 2)
 Executing a Single Asset Simple Disposal with Trade-In (Type 3)
 Executing a Single Asset Simple Disposal with Cash Proceeds and Trade-In (Type 4)
 Mass Asset Disposals - R12104
 Processing Options - R12104
 Reversing Asset Disposals
 Reversing an Individual Asset Disposal
 Troubleshooting Errors
 Error Msg: 'The account does not exist' displays when trying to put an account in field OBJ in the Disposal Account Rules (12141)
 Error Msg: Error 063J Asset is Disposed-Transfer Invalid On Asset Created from Trade In
 Error ID: 090W, 090X, or 090Y If encountered on a Mass Disposal R12104 the result is due to an invalid account in the disposal account rules.
 Error Msg:  'No F0911 Records Exist in this Batch', when posting disposal journal entries to General Ledger using the General Ledger Post (R09801)
 Tip 1:   If R12855 depreciation processing results in depreciation amounts for a disposed asset, consider these steps for problem solving.
 Tip 2:   What happens with the Location File (F1204 and the F1201 when an asset is Disposed?
 Tip 3:   Clarification on the P1201, P1204, and P12105 that relate to the Disposal process.
References

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