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Administrator Guide
Last Updated: 2023-06-23
Set Up Asset Disposal Types

Set Up Asset Disposal Types

Security:
Set Up: Business Asset Tracking
 domain in the Business Asset Tracking functional area.
You can define different ways to dispose of assets. Asset disposal types drive accounting related to the disposal of goods and enable you to report on disposals by type.
  1. Access the
    Maintain Asset Disposal Types
     task.
  2. As you complete the task, consider:
    Option Description
    Asset Disposal Method
    These Workday-delivered methods drive accounting for disposals. You can assign the same method to multiple types for flexibility.
    To dispose of expired assets, associate the
    Expire
     method with 1 disposal type.
    Fair Market Value as Basis
    Select this check box to base the donation amount on the fair market value manually entered at time of disposal. Workday uses the donation amount to calculate the gain or loss for accounting purposes.
    Net Book Value as Basis
    Select this check box to base the donation amount for an asset on net book value.