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State of Idaho Office of the State Controller Division of Statewide Accounting Fixed Asset System (FAS) FAS USER MANUAL .................................................................... 1 DISPOSING

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What is fas - disposing of?

FAS - disposing of refers to the reporting of fixed asset sales or disposals in a company's financial statements.

Who is required to file fas - disposing of?

Companies or organizations that own fixed assets and have sold or disposed of them during the reporting period are required to file FAS - disposing of.

How to fill out fas - disposing of?

To fill out FAS - disposing of, companies need to provide details of the fixed assets that were sold or disposed of including the date of sale, selling price, original cost, and any accumulated depreciation.

What is the purpose of fas - disposing of?

The purpose of FAS - disposing of is to accurately reflect the changes in a company's fixed asset holdings and to properly account for any gains or losses from the sales or disposals.

What information must be reported on fas - disposing of?

Information such as the date of sale, selling price, original cost, accumulated depreciation, and any gains or losses from the disposal must be reported on FAS - disposing of.

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