Go to the Company menu. Journalize entries for sale of assets.Run the SPA CAAB 105 report to show the amount of disposals for the agency. This report contains disposals of property to parties external to the state. What are the given particulars? What was the loan balance? The journal entry to dispose of fixed assets affects several balance sheet accounts and one income statement account for the gain or loss from disposal. In a journal entry, you must remove the original cost of the property and its accumulated depreciation from your records.