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NSC | Resolving Negative Net Book Value in Fixed Asset Register Reports

edited Aug 8, 2025 10:56AM in Accounting / ERP

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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