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SPA Process User’s Guide
Chapter 6 – Deleting Property and Funds

Disposal Method 23 (Trade-In)

This disposal method is used to delete property used as a trade-in toward the purchase of a new property.

The value received for the trade-in must be recorded in the Proceeds from Sale field. The trade-in value must also be included in the acquisition cost of the property received as a result of the trade-in.

SPA Procedure

  1. Access the Disposal of Property (PADLET) screen on the Main Menu.
  2. Enter the property and component number in the corresponding fields. Press Enter.
  3. Enter the appropriate disposal method in the DISPOSAL METHOD field.
  4. Press Enter. The message Enter Disposal Date appears.
  5. Enter the disposal date in the DISPOSAL DATE field (using MM-DD-YYYY format).
  6. Press Enter. The message Disposal Method Requires a Comment appears.
  7. Enter a comment in the COMMENT field, this should include the property number of the new asset the trade in asset was exchanged for.
  8. Press Enter. The message Proceeds From Sale Value Required appears.
  9. Enter the proceeds amount, this is the value received for the trade in.
  10. Press Enter. The message Press F4 To Continue Or F5 To Cancel appears.
  11. Press F4. The message Information Has Been Deleted appears.