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Disposal > Book Calculation dialog
Use this window to view and adjust the asset's Book calculation.
After opening the asset module's Asset Detail window for the appropriate asset, select the Disposal tab. The Book Calculation button is available when you select either Casualty/Theft - No Replacement, Casualty/Theft - Replacement, or Like-Kind Exchange from the dropdown list in the
Method
box. Select Book Calculation to open this window.note
This is available only if the
Follow GAAP calculations for disposals
checkbox is marked in the Setup, Treatments, then Options dialog for the Book treatment.Fields and buttons
note
The boxes that appear in this window vary, depending on the method of disposal.
FMV of asset received as reimbursement
Displays the fair market value of the asset that was received as reimbursement for the Casualty / Theft - Replacement asset.
note
This box is available only if the asset was disposed of using the Casualty / Theft - Replacement method of disposal.
Book adj basis of original asset
This is the original basis of the asset calculated with depreciation allowed or allowable. (Depreciation allowed or allowable is the greater of depreciation that should have been taken or the depreciation actually taken.)
Reset button
Select this to recalculate the Book adjusted basis of the original asset based on changes you may have made to current- or prior-year depreciation.
Gain/(loss) recognized
The application calculates the gain recognized or the loss realized on the exchange and displays it in this box.
To view an on-screen explanation of how the application calculated the gain/loss recognized, select the underlined label to open the Recognized Gain/Recognized (Loss) window.
Gain deferred
The application calculates and displays the deferred gain in this box.
To view an on-screen explanation of how the application calculated the deferred gain amount, select the underlined label to open the Deferred Gain dialog.
note
This box is available only for the Casualty / Theft - Replacement and Like-Kind Exchange methods of disposal.
The following boxes are available only if the asset was disposed of through a like-kind exchange.
FMV of asset given up
Enter the FMV (fair market value) of the like-kind property given to the other party in the exchange.
note
This box is available only if the asset was disposed of using the Like-Kind Exchange method of disposal.
Transaction significant (all gain recognized)
Mark this checkbox if the acquisition of this asset is a significant transaction, in that all gain is recognized.
note
This checkbox is available only for like-kind exchanges.