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NSC | Resolving Negative Net Book Value in Fixed Asset Register Reports
Scenario:
Upon generating the Fixed Asset Register report, the user observed that the Net Book Value (NBV) of a particular asset appeared as a negative amount. However, the Asset Record reflected an NBV of zero.
Root Cause:
Fixed Asset Management reports, such as the Asset Register report, retrieve financial values from the asset's Depreciation History Records (DHR). In this case, the discrepancy is due to a mismatch between the acquisition amount and the recorded depreciation.
Example Details from Reports:
(Asset Register Report)
Asset Current Cost: 1,700- Depreciation: 1,800
- Net Book Value: -100
(Depreciation History Records)
Acquisition Amount: 1,700- Total Depreciation: 1,800
Resolution:
To correct the
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