The retirement is always posted at the level of the individual material. To create a new asset, navigate to Accounting → Financial Accounting → Fixed Assets → Asset → Create → Asset or use Transaction code AS01.This is a demo on SAP S4HANA 2021 for the process of fixed assets Sale, also called Retirement or Scrapping with revenue. Because an asset sale is not a typical transaction for most businesses, the isolated or occasional sale exemption may apply. PowerPlan is a powerful system that enables companies to combine granular financial and operational asset data from every corner of the organization.