Assets calculating depreciation even though Fair Val revaluation was done on last day of the period — Cloud Customer Connect
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Assets calculating depreciation even though Fair Val revaluation was done on last day of the period

in Assets 1 comment

Hi, Asset is being depreciated again for the period even though it was revalued on last date of the period by Fair Value under UK Government Revaluation rules. Ideally fair value revaluation method revalue the NBV to fair value and if depreciation is run, NBV gets reduced which is no longer matching with Fair Value which is not correct. And Revaluation transaction date is last day of the period so it should take into consideration the current period depreciation.

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