Answered

Fixed Asset Write Down

(0) Share

Report

Posted on by Community member

I am relatively new to the product and wanted to see if someone could assist with a fixed asset write down question I have.

Is it possible to process a fixed asset write down that occurred in a prior period (or year) and assign the transaction a 'write down' date that is different from the transaction date ( voucher date)?

I see on the acquisition side you can assign the acquisition date, which can be different from the transaction (voucher) date.

The preference is not to open up prior periods when adding these new assets/write downs.

Thanks

EPG

Categories:

Financial Management

All responses (3)

Answers (1)

Suggested answer

Hana Xue Microsoft Employee on at

Like (0)

Report

Fixed Asset Write Down

Hi,
Write-down, revaluation, and write-off adjustments are all adjustments to the acquisition price. Similar issues are described in the link below, which you can briefly view:
Dynamics Community Forum Thread Details
In addition, the only content I can find about fixed asset write-downs is:
You can make relevant modifications to the write-down adjustment in the fixed asset template form,

Best Regards,
Hana
Verified answer

ZvikaR 61 on at

Like (0)

Report

Fixed Asset Write Down

I suspect your question is related to a write-down that was not recorded on time, and now is impacting the total depreciation for the year.

If that's the case, you can work around the issue with posting the write-down to the current period, and posting "adjustment" depreciation, to bring the NBV to what it needs to be.
Frank Hamelly | MVP... 3,878 Super User 2024 Season 2 on at

Like (0)

Report

Fixed Asset Write Down

I don't think what you propose is possible. From a logic perspective, a write-down transaction is very different from an Acquisition.