Disposal (Partial Asset Disposal)
To partially dispose of an existing asset we will use an example from the Drainage Pipe Asset category.
A new Pit is constructed on an existing drainage line in a new location.
As a result of this works a 60m pipe is now corrected to 56m.
The remaining 4m portion of the drainage line (after the new Pit) is decommissioned as it no longer exists.
1. Select Asset
Click on the Search field and type the name of the asset if known or any other identifier such as Asset ID, which will assist you in locating the existing asset in the Register.
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2. Split Asset
Split the asset into two parts.
Refer myData manual for Asset Split.
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3. Dispose Asset
Select the 4m pipe segment (RW02528_B) which is now considered to be decommissioned and dispose of it.
Refer 'Disposal' scenario on how to dispose an asset.
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In the example above, which can be viewed in the summary tab.
The section of the pipe 'RW02528_B' was decommissioned and is disposed using the 'Disposal' tool in myData.
4. Financial Reports
Asset Split will not have financial implications.
However, the portion of the asset that has been disposed after split will be reported as Disposal in the Financial Reconciliation Report.
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In the report above 'RW02528' is reported as adjustment as this asset was split and now has a '0' closing balance.
Asset 'RW02528_A' is current asset and it has the new value as closing balance and asset 'RW02528_B' is disposed as it was decommissioned and is reported as Disposal.
