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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
View Your 2025 Community Recap
Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
Calculation Updates for Operating Lease in Fixed Assets Management version 2023.2
This notice is intended for customers who are using the NetSuite Fixed Assets Management SuiteApp. The changes described in this notice are targeted for the Fixed Assets Management SuiteApp with the NetSuite 2023.2 release.
What is changing?
Write-Down Adjustment Calculation for an Operating Lease
In previous versions, the first deactivated interest is added to the lease liability balance on modification and the new net present value (NPV) is deducted from the sum to arrive at the write-down adjustment. In version 2023.2, the first deactivated interest will be removed from the formula to reflect the same calculation for finance lease. The write-down adjustment will be calculated as the difference between the lease liability balance at the effective date of modification and the new net present value (NPV) using the modified terms of the lease.
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
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