Scenario

The user is disposing fixed asset records by Write- Off, manually in Fixed Assets > Transactions > Asset Disposal page and encounters error message: "INVALID_FLD_VALUE: You have entered an Invalid Field Value 1 for the following field: custrecord_deprhistaltmethod"

Solution

1. Navigate to Fixed Assets > Lists > Assets
2. View Fixed Asset record

Note: Set the Alternate Depreciation method set under Tax Methods subtab as Inactive

3. Alternate Depreciation Method: Click Edit
4. Tick the Inactive checkbox
5. Click Save button

Process the Asset Disposal again by performing the following steps:

1. Fill-up the following details:
Disposal Type = Write-Off
Disposal Date
Disposal Details
2. Click Dispose button
3. Wait for the process to be completed