Fixed Assets - EBS (MOSC)

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Manual asset revaluation

edited Jul 19, 2016 7:55AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered ✓

Dear community,

We have thousands of assets that were revalued, and the new values have to be reflected in the corporate book. The problem is that the assets were revalued to arbitrary cost, accumulated depreciation and remaining life values without using a common revaluation rate. Here is an example:

 


Asset AAsset B
Current valueRevalued valueCurrent valueRevalued value
Cost2433.111 706 2945.342 065
Accumulated depr.
1 655
2 003
NBV051062
Remaining life060042
Reval. Reserve051062


The values and the rate differ for each asset. Change in asset value has to be recorded in Revaluation Reserve.

We cannot use Mass Revaluations process because it only allows to revalue cost and accumulated depr. using the same rate.

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