Net Book Values on Fully Disposed Assets

Question

I feel like I must just be missing something obvious but I can't for the life of me figure out why I've got a bunch of old, disposed assets that have small residual net book values still remaining. These assets are gone, they are off our books in the GL but the NBV is still sitting in Sage and showing up on the reports and such. Surely that is not right. Is there a way to fix this?

Delray · Answer

Hello S Johnsen, 
 A disposal is just a calculation of depreciation so having old, disposed assets with a remaining NBV setting around is perfectly normal. Generally, you would not see those assets on any date sensitive report, but you are probably looking at the NBV report which is not date sensitive and would show those old, disposed assets. 
 Since the Current through date on disposed assets stops advancing as of the month of the disposal: 
 There is a column on the NBV report with the current Thru Date in it. You could export that report to Excel and then use the Excel filter function to remove/hide those assets not currently ran to the current through date of the rest of your assets. 
 Or you can create a Group (see How to create a group (16919 ) if needed) with a criterion of (Book) Current Through Date, is between, the beginning and end of your year. The range there will allow current year disposals to appear on the NBV report. 
 ~Delray

Delray · Answer

While it is True that the asset is gone and has no value - to you - as a function of just doing the math, it still had a value at the time of the disposal. If you ever go back to re-run reports as of that prior period, that value will still need to be there in order to provide an accurate report for a time that was. 
 ~Delray

Delray · Answer

I would disagree with that assessment. I am limited in any answer I give to explaining what the program does, not what you think it ought to do. What you are saying sounds more like a General Ledger thing and does not have anything to do with what the program does. There are a number of reasons why the program does what it does. 
 The NBV or even the Gain/Loss are not a part of the calculation of depreciation. They are an ancillary calculation done after the depreciation has been calculated. They do not change the basic calculation of depreciation in any way. 
 The question I always have is: Why is the NBV not a date sensitive report? To which I never have gotten a satisfactory answer, but that would answer your questions because then you would not see those assets on the report. 
 There are other ways around this whole question, and I can help you with those. 
 ~Delray

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Net Book Values on Fully Disposed Assets

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