Correcting a Fixed Asset Net Book Value

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Posted on by D365problems

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Hello AX Forum,

I'm back with yet another fixed asset question.

Here's the set up:

1. 2 assets needed to be partially disposed.

2. Split the assets - acquisition value and accumulated depreciation.

3. Disposed of the "new" assets utilizing Free Text Invoices.

4. Completed a reconciliation and this appeared to work, depreciated thinking everything was ok.

As it turns out, AX created a JE that decreased the depreciation expense and offset this entry to Accumulated Depreciation. However, when AX created this entry, it's for an amount that is not related to the asset. Below are the details for one of the assets we split:

This is the original asset:

Here is the detail from the Value Models:

The new asset once the split was completed:

Here is the detail from the Value Models for the new asset:

Once we completed the Free Text Invoice, it appeared everything worked. But once depreciation expense was reviewed, it was found, AX created a JE that decreased the depreciation expense and offset to the accumulated depreciaton. This also effected the asset, increasing the asset's NBV.

Here is the JE:

Journal number	Description	Voucher	Date	Year closed	Ledger account	Currency	Amount in transaction currency	Amount	Amount in reporting currency	Posting layer
GJTU178953		FAJU002222	1/29/2021	No	16300-	USD	-10,083.96	-10,083.96	-10,083.96	Current
GJTU178953		FAJU002222	1/29/2021	No	16300-07	USD	10,083.96	10,083.96	10,083.96	Current
GJTU178953		FAJU002222	1/29/2021	No	16300-07	USD	-10,083.96	-10,083.96	-10,083.96	Current
GJTU178953		FAJU002222	1/29/2021	No	16300-07	USD	10,083.96	10,083.96	10,083.96	Current
GJTU178953		FAJU002222	1/29/2021	No	16300-07	USD	130,849.29	130,849.29	130,849.29	Current
GJTU178953		FAJU002222	1/29/2021	No	15300-	USD	30,324.00	30,324.00	30,324.00	Current
GJTU178953		FAJU002222	1/29/2021	No	15300-07	USD	-30,324.00	-30,324.00	-30,324.00	Current
GJTU178953		FAJU002222	1/29/2021	No	15300-07	USD	30,324.00	30,324.00	30,324.00	Current
GJTU178953		FAJU002222	1/29/2021	No	15300-07	USD	-30,324.00	-30,324.00	-30,324.00	Current
GJTU178953		FAJU002222	1/29/2021	No	55213-355-07	USD	-130,849.29	-130,849.29	-130,849.29	Current

How do I correct the NBV for fixed asset FANU000895? I need to remove $130,849.29 from the asset and I need to correct the accumulated depreciation and the depreciation expense.

I utilized our test database to see if I could add an asset with no life but it would not allow that.

Any suggestions?

Thank you

Christine

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Answers (1)

André Arnaud de Cal... 300,911 Super User 2025 Season 2 on at

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Hi Christine,

The journal entry is not readable. Can you share a screenshot with this information?

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Ludwig Reinhard Microsoft Employee on at

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Hi Christine,

In case the NBV is wrong, you can correct it in fixed asset journals.

You can for example post a write down adjustment to your fixed asset.

Alternatively, you can post a transaction with the depreciation adjustment transaction type.

The difference is the transaction type that is shown in your value model / book.

Once you have done that, check your transactions and the value that you see in your fixed asset statement.

Best regards,

Ludwig

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D365problems 105 on at

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This is the snippet of the exporting JE.

I'm not sure how AX came up with the JE lines for Accumulated Depreciation and Depreciation Expense. 16300-07 / 55213-355-07

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D365problems 105 on at

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Thank you Ludwig,

I attempted the depreciation adjustment in our test database and it worked nicely.

However, our test database and production are different. But I will give it a try.

Christine

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Ludwig Reinhard Microsoft Employee on at

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Hello Christine,

Have you been able to get this issue resolved?

Best regards,

Ludwig

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D365problems 105 on at

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Hi Ludwig,

I apologize for the late response. Although I'm the go to person for fixing items, I am not allowed to fix items in Production.

Yes, this has been resolved and worked with the fix provided.

Thank you for the assistance.

Christine

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