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• Fixed Assets Processing
Chapter 19 – Fixed Assets
Revaluing a Single Asset
You use this function to revalue an asset. This can happen for reasons such as:
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You improve the asset by purchasing an add-on to it that is not a separate asset. If it were a separate asset, with its own depreciation, you could create a new asset with the same asset code but with a sub asset code.
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The value of the item changes, not in terms of its depreciation, but its intrinsic value.
Using this function revalues the asset at a point in time, which you specify. Depreciation of the asset up to that point in time does not change. However, from now on, the system calculates depreciation based on the revised value. If you wish to revalue the asset from the beginning of its life, edit the asset master file and change the purchase value.
To access this function, choose the Transactions...Fixed Assets...Asset Transactions menu option. On the
System tree, choose the Fixed Assets...Transactions...Asset Transactions function. Select an asset, and then click the Revaluations button:
The date you enter determines the period in which the revaluation occurs.
In the New Value field, enter the new value of the asset. The value defaults to the current value.