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.To create a new asset, navigate to Accounting → Financial Accounting → Fixed Assets → Asset → Create → Asset or use Transaction code AS01. Asset sales are types of business transaction where buyers purchase assets from a business, and the sellers retain legal ownership of the company. Explore Nevada Sales Tax FAQs for information on rates, filing procedures, and compliance. If you are selling the assets of your business, as opposed to the stock, you'll need to allocate the purchase price among the assets for tax reasons.