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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.
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Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
Season’s greetings to you and yours! As we head into the holidays (December 24 – January 4), we want to take a moment to celebrate the incredible strength and collaboration within our community. Even during the break, you can continue to benefit from connecting with peers, searching related threads, posting your questions, and marking helpful replies as “Accepted” in the Support Community.
Please note our dedicated team will be on reduced coverage during this time, and regular responsiveness will resume on January 5. Wishing you a joyful and restful holiday season!
-The NetSuite Support Community Team
NSC | Asset Revaluation and Depreciation Status
The issue centered around assets that had undergone revaluation and were subsequently written down, but their status didn't update to "Fully Depreciated" even when the Net Book Value reached to zero.
The reason behind this discrepancy is related to the asset's lifetime. When an asset is revalued, only the cost is adjusted, while the Asset Lifetime remains unchanged. As a result, the asset continues to depreciate over the remaining lifetime, even if the Net Book Value is zero.
To ensure that assets are marked as "Fully Depreciated" after revaluation, the ADJ LIFETIME field should be adjusted. This field needs to be equal to the last depreciation period. For instance if the asset was depreciated for only 6 periods out of the initial 36 periods, the ADJ LIFETIME field should be updated accordingly, along with the Transaction Date and Write-down Amount.
Ayitah Tallada | General Accounting and Asset Management
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