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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Depreciate proposal no...
Microsoft Dynamics AX (Archived)

Depreciate proposal not running after posting negative Acquisition adjustment

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Posted on by mohamedsaib_ax 159

Hi 

I want to know if any one has experienced the following issue on Fixed assets before.

A negative Acquisition adjustment journal was posted for an asset thereby bringing the net book value of the asset to zero. Then a positive Acquisition adjustment was posted (via a PO) which raised the net book value upwards from "0". 

But now when I try to run a depreciation proposal, the journal remains blank. I have a feeling that it has something to do with the negative acquisition adjustment journal and the 0 net book value.

I tested a similar transaction but the negative acquisition adjustment journal posted brought the Net book value to a value of "1" and not "0". And I was able to run a depreciation proposal after doing a positive acquisition adjustment.

I'm not sure how AX treats an asset if the net book value is reduced to zero via a negative acquisition adjustment. I have also tested this with a write down adjustment and negative revaluation but I still experience the same issue.

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi,

    Have you checked the Status of your fixed asset after making the negative adjustment?

    Has it changed?

    What can you see if you open the depreciation profile at the value model level of your fixed asset?

    Best regards,

    Ludwig

  • mohamedsaib_ax Profile Picture
    mohamedsaib_ax 159 on at

    Hi Ludwig

    The status of the asset is still "Open" after the negative adjustment.

    On the depreciation profile the Net book value is zero which is strange because the net book value on the value model has a positive amount ( As result of the positive acquisition adjustment journal after the posting of the negative one).

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi mohamedsaib_ax,

    Can you share some screenprints that illustrate the issue?

    I am especially interested in what you see in the profile and the posted transactions form of your fixed asset.

    Many thanks and best regards,

    Ludwig

  • Verified answer
    mohamedsaib_ax Profile Picture
    mohamedsaib_ax 159 on at

    Hi Ludwig

    I have attached screenshots of both screen but after relooking at the entries in both screen shots and reviewing the accounting rules for fixed assets I have now realised the error.

    Error in accounting and the manner of processing the entry - the net book value was reduced to zero with the negative acquisition journal but the accumulated depreciation was not reversed. 

    I should have reversed the acquisition price and the Accumulated depreciation and not just the net book value on its own.

    NBV.png

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