i want to revalue various assets in Microsoft dynamics NAV 2015 so that the acquisition cost is replaced by the revalued cost and depreciation will be based on the revalued cost. how do i go about?
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i want to revalue various assets in Microsoft dynamics NAV 2015 so that the acquisition cost is replaced by the revalued cost and depreciation will be based on the revalued cost. how do i go about?
*This post is locked for comments
Hi,
There is no direct method to replace your asset acquisition amount, but there are 2 methods to do that:
First: You can use Fixed Assets Reclassification Journal.
So you have to create new fixed asset and Mark on "Reclassify Acquisition Cost" and enter the amount in "Reclassify Acquisition Cost Amount" and then you can depreciate the new fixed asset amount according to the revalued cost amount.
Second: Or you can use "Fixed Asset G/L Journal" and use Fixed asset posting type "Appreciation or Write-Down" with the amount to be increased or decrease.
Therefore you have 2 amount: (The Acquisition Cost + Appreciation Cost / Write-Down Cost)
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