Fixed Assets - EBS (MOSC)

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EBSO R12 - Asset Revaluation

edited Mar 7, 2016 2:18PM in Fixed Assets - EBS (MOSC) 2 commentsAnswered

Hi everybody!

We have registered in our asset book near to 34000  which almost 50% of those have zero as Net Book Value (accumulated depreciation = Cost  and remaining life years is zero in Financial Inquiry). So we need to revalue these asset because the asset are still in use. What is the better option to revalue them?

For example:

Asset Number: 11

Current Cost: 60,000

Original Cost: 0

Recoverable cost: 60,0000

Net Book Value: 0.00

YTD Depreciation: 0.00

Accumulated Depreciation: 60,000

Thanks a lot!

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