Remove an Asset That Is Below Inventory Threshold Amount
To remove an asset from the FAS system, but that is below the
dollar amount threshold for inventory purposes (statewide minimum of $2,000)
Open the FAS Direct Data Entry screen S035.
Enter an A in the FUNCTION field.
Enter the Property Number and Component Number.
Enter a FAS TC (transaction code) DV4 - Inventory
Taken Off FP Due to Value Below Threshold.
The sequence number (SEQ NO) is usually 0001, so
use that when entering the disposition on the FAS Direct Data Entry screen S035.
The other required data fields to complete for the FAS TC DV4
STATUS - Status code D = Disposed.
DSP MTH (Disposal Method) - DSP MTH code V =
Value Below Inventory Threshold.
ADT AMT (Acquisition Disposition Transfer
Amount) - Use the Statewide Book Value (STWD BOOK VALUE shown on the FAS
Property Record Screen S040) in the ADT AMT so it does not show a gain or loss.
DISP % (Disposal Percentage) - DISP % of 100 or
the remaining percentage if previously partially disposed.
ADT DATE (Acquisition Disposition Transfer Date)
- the date of disposition.
The person with disposition release
authority (i.e., approval level 4 or greater) can process a disposition by
doing the following: