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Disposition transactions contain information about disposing of an item on the inventory file. These transactions provide a way of recording what has happened to assets no longer being used by the district. Disposition transactions are not required if not on GAAP reporting (GAAP flag is not checked) but are recommended. Posting a disposition transaction keeps the Item record on file changing the status to "D", Disposed of, on the Item record. If on GAAP reporting and a capitalized asset is disposed of, the change of status will be reflected in the "dispositions" column on the Change Schedules,
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The disposition code, authorized by, and amount received fields are always modifiable in a disposition. If you are not on GAAP, the error adjustment flag is also modifiable. However, if you are on GAAP, the error adjustment flag is only modifiable on transactions added within the current fiscal year. The date, whether on GAAP or not, is not modifiable.
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