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Details on Retirement Assets

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can anyone help me on Assets retirement process from Projects.

Content (required):

  1. I understand that asset retirement will happen in FA. What can be done in projects in case retirement.
  2. Is it applicable for both single asset or group of assets?
  3. What is the Asset retirement cost. is it captured in project and send to FA?
  4. What is the use of Proceeds of sale checkbox in Expenditure type
  5. if i capture cost on Proceeds of sale expenditure type, how does it reflect in FA.

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Code Snippet (add any code snippets that support your topic, if applicable):

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