The retirement is always posted at the level of the individual material. This is a demo on SAP S4HANA 2021 for the process of fixed assets Sale, also called Retirement or Scrapping with revenue.ABAON is used when you are retiring an asset and also entering a revenue. This is used when there is no customer involved. Learn the foundations of fixed asset accounting, including definitions, formulas, and applications. Franchise tax reports are due on May 15 each year. If May 15 falls on a Saturday, Sunday or legal holiday, the next business day becomes the due date. Our free online guide for business owners covers Texas sales tax registration, collecting, filing, due dates, nexus obligations, and more. Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets.