Financial - JDE1 (MOSC)

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Fixed Asset: Asset Trade-In for a FA that is not in the system

edited Mar 2, 2015 10:23AM in Financial - JDE1 (MOSC) 4 commentsAnswered

Hi, I have a unique situation.

We have an asset that is not in the system, but we have gotten a trade in value for it.

Now we have to account for the trade in value into the cost of the new asset we have procured, for example, we have a trade in value of $3000 and are purchasing the new asset for $15,000.

Due to accounting for the full value of the new asset, we have to value it at $15,000.

The $3000 is taken as a Disposal-NPV. However, no asset exists in the system for this "disposal".

Anyone experienced this?

How would you account for this without getting R127011 - FA to GL Integrity and R127013 - GL to Fixed Assets Integrity going into error?

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