Revaluation Amortization
Dear Community,
Please could i ask for your help with regards to Revaluation Amortization.
When creating an asset addition (migration from legacy system) and entering an amount into the Revaluation Reserve for the asset. I would expect that when depreciation is run for the asset that the calculation takes into account the revaluation reserve balance and the accounting creates an amortized entry across the remaining life years of the asset for the revalued amount. This doesn't appear to be happening, and all that is accounted is the full depreciation amount from the current NBV. Navigating to the Financial inquiry screen of the asset after depreciation has been run, the entry shows a zero value
Please could i ask for your help with regards to Revaluation Amortization.
When creating an asset addition (migration from legacy system) and entering an amount into the Revaluation Reserve for the asset. I would expect that when depreciation is run for the asset that the calculation takes into account the revaluation reserve balance and the accounting creates an amortized entry across the remaining life years of the asset for the revalued amount. This doesn't appear to be happening, and all that is accounted is the full depreciation amount from the current NBV. Navigating to the Financial inquiry screen of the asset after depreciation has been run, the entry shows a zero value
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