Fixed Assets - EBS (MOSC)

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Formula to Work out the backlog after revaluation on an IAC enabled FA Book

edited Mar 19, 2012 11:39PM in Fixed Assets - EBS (MOSC) 2 comments

Hi

I wondered if anybody had divised a good formula to work out the Backlog amount after revaluation on an asset with a  IAC enabled FA book. The formula I have divised is:

The change in valution/ total asset life * life used as at end of prior year + backlog

The difficulty I have is to work out the fiigure of back log if this isn't the first revaluation but subsequent ones. I presume you take of the IAC depr and backlog that has already been posted to the revaluation reserve and the general fund?

Thanks  

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