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Slide notes: In this tutorial we will dispose of an Asset by Scrapping it. When we dispose of an Asset without it being sold, but rather as a write-off for some reason, then we Scrap it.

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Slide notes: The system does not ask for any Account to Scrap to, because the Disposal Accounts listed on the Asset Control Code for the Asset will be used.

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Slide notes: When we look at this Asset afterwards, we can see on the Asset Item Values that the Asset has been scrapped.

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Slide notes: All the Depreciation has been written back, and the Asset has been scrapped.

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Slide notes: When we drill the Transaction on the Asset Financial Account, then we can see the Journals generated by the system to record the Asset Scrapping.