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.Start out with crediting the original purchase price. Credit improvements if you capitalized these. In this comprehensive guide, we'll delve into the intricacies of booking fixed asset journal entries, with a specific focus on disposal transactions. In a journal entry, you must remove the original cost of the property and its accumulated depreciation from your records. Learn the foundations of fixed asset accounting, including definitions, formulas, and applications. Accountants use special forms called journals to keep track of their business transactions. This post considers an example of a vehicle purchase, to show how to record the entries and the impact on the financial statements.