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How to revalue a negative asset?

in Assets 1 comment

Summary:

Our project has a requirement that certain government subsidy assets (which are negative assets) are mapped to the physical (positive) assets that they receive the subsidy for. These negative assets should also mirror the transactions of their positive counterpart. However, when attempting to revalue the negative asset (cost method - via percentage) the posting fails due to the NBV being negative (which the negative asset already is?). Please advise if there is a solution to revalue the negative assets in question.

Thank you!

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