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Fixed asset book value is wrong

Posted on by 5

Hello Experts,

My customer recorded a fixed asset g/l journal with amount in USD but the book value in the fixed asset card shows the same amount of usd as in AED. Can anyone please help what would be the reason and how to correct this issue?

 

pastedimage1665058799975v1.png

Appreciate your help.

Mayra

  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 69,657 Super User 2024 Season 2 on at
    RE: Fixed asset book value is wrong

    Hi, It does appear to be an exchange rate issue.

    Also, have you ever run Adjust Exchange Rates?

    pastedimage1665100505586v1.png

    If it is difficult to find the reason, you can use the method below to adjust the amount of fixed assets.

    Revalue Fixed Assets: Revaluation of fixed assets can consist of appreciations, write-downs, or general value adjustments.

    https://learn.microsoft.com/en-us/dynamics365/business-central/fa-how-revalue

    Hope this helps as well.

    Thanks.

    ZHU

  • Suggested answer
    Inge M. Bruvik Profile Picture
    Inge M. Bruvik 32,744 Moderator on at
    RE: Fixed asset book value is wrong

    But what amounts do you see on the FA ledger entries?

  • Mayra_19 Profile Picture
    Mayra_19 5 on at
    RE: Fixed asset book value is wrong

    I have checked FA ledger entry and currency setup:

    In Currency card : Exchange rate date is 08/08/22

    And in FA ledger entry: Posting date is  08/01/22

    Could that be the reason its not updating correctly?

  • Suggested answer
    Inge M. Bruvik Profile Picture
    Inge M. Bruvik 32,744 Moderator on at
    RE: Fixed asset book value is wrong

    Maybe they have the incorrect exchange rate?

    Can you please look at the FA ledger entries and see what they says?

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