Disposal with Cash Proceeds not taking the Cost and Depreciation Balances

Q.  Performed a Single Asset disposal with cash proceeds but the balances for Cost or Depreciation are not selected by the process.  Why it is only the proceeds?

A.  Since it is the beginning of the year and the Fixed Assets annual close was not run for the prior year yet, the Single Asset disposal is not finding those balances.  It finds the      proceeds posted into the new year.   You will have to run the fixed assets annual close first for the prior year and with the posted proceeds into the new year perform the single asset disposal with cash proceeds.