This article will assist you with, processing a property depreciation disposal. This step is only essential when the property has a Depreciation Creation in Class. 

You will complete this after Processing a Property Sale.

Navigate to Fund Level >Investments > Depreciation Worksheet

After processing the Property Sale Settlement, you will see a Residual Book Cost amount in red on Depreciation Worksheet. This is because the disbursements capitalised on settlement have not been added to the worksheet.

1. Click Create New and add items
   
   
2. Enter Description 
3. Enter Purchase Date (the asset "this is a date before the contract date of disposal")
4. Enter the Depreciation Type ("Not Applicable (N/A)" is if the item is a capital item relating to disbursement from settlement)
   
   
5. Click Save.

After you have added the capitalised disbursements paid on settlement, there should be a nil Residual Book Cost amount. Click on Sell All

What next?

You have now completed the property disposal, the property capital gain or loss will be calculated when you run a Period Update.