Solution
1. Navigate to Fixed Assets > Searches > Proposal History
2. Note: Another way to see the list of Asset Proposals is by searching "Page: FAM Asset Proposal" via Global Search.
3. FAM Asset List Created From Proposals list: Find the Asset record to be deleted
4. Click Edit
5. FAM Asset Proposal: Hover over Actions
6. Click Delete
7. Are you sure you want to delete this record?: Click OK
Once the Asset Proposal record is deleted, and if there are no associated Journal Entries, users may proceed with the Delete Assets process again.