Asset revaluation - Revaluation reserve always 0
in Assets
Summary:
Dear team, the business requirement is to revalue the asset cost in such a way the total increase/decrease in cost should be credited/debited to the revenue/expense account instead of revaluation reserve account. Difference between Cost and Fair value should be credited/debited to the revenue/expense account, revaluation reserve amount is zero always. How can this be achieved? Thanks in advance. Best Regards, Elma
Content (please ensure you mask any confidential information):
Version (include the version you are using, if applicable):
Code Snippet (add any code snippets that support your topic, if applicable):
Tagged:
0