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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Fixed Asset, Net Book ...
Microsoft Dynamics AX (Archived)

Fixed Asset, Net Book Value still Zero, the fixed asset created at early januari 2017

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Posted on by benjamin84 2,075

Dear All,

I want to ask  about Fixed Asset, net book value.

my user create fixed asset at January 2017,

my user create new, click value model and set the depreciation.

but the net value is still zero until now.

is there any button I need to click for AX calculate the depreciation.

how to make the net book value filled, not empty.

Thank you

Fixed-Asset-Buildning.png

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I have the same question (0)
  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi benjamin84,

    I have a couple of questions:

    1) Has the acquisition of the fixed asset already been posted?

    2) What is the status of your value model?

    3) What net book value do you expect to see and why?

    Best regards,

    Ludwig

  • benjamin84 Profile Picture
    benjamin84 2,075 on at

    Hi Ludwig,

    Thank you for you reply.

    point 1. -> I checked and turn out the acquisition price was set zero, that's why the net book value  = 0.

    point 2. -> the status is not acquired yet.

    point 3. -> I just wondering for those fixed asset, because only that 1 FA that net book value is zero, the rest FA net book value is not zero.

    Thank you.

    could you explain to me the step/sop for FA Module.

    Thanks

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

    Hi benjamin84,

    How did this happen with the $0 acquisition price?

    Did somebody by accident overwrite the amount in the journal?

    Irrespective of that I would suggest that you simply create another acquisition posting to get the NBV posted.

    Can you explain what you mean by step/sop for FA module?

    Best regards,

    Ludwig

  • benjamin84 Profile Picture
    benjamin84 2,075 on at

    Hi Ludwig,

    I not checked yet wheather user input acquisition price zero or like you said my user accident overwrite the amount in the journal.

    I need to inform, that the Fixed asset altrought create for building type, but actually it was repair building. maybe that's why the aquisitiion left blank, because repair building will not being depreciation right ?

    so the right steps is, create fixed asset, do acquisition and do decpreciation each month ?

    i want to confirm to make sure my understanding, do user need to do acquisition for each brand new created Fixed Asset ? wasn't the cost already stated when fixed assets created, so user only need to do decpreciation each month.

    need your explanation, really appreciate.

    step/sop is the sequence task user need to do after user create fixed assets. its like manual guide for Fixed Asset module.

    Thanks

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

    Hi benjamin84,

    Here some comments:

    1) ... because repair building will not being depreciation right ?

    Comment: I depends. In my home country we have some special laws that define what can be considered a repair. Major repairs are considered as acquisitions that increase the value of a fixed asset. So, please check with your accountants.

    2) ...  the right steps is, create fixed asset, do acquisition and do decpreciation each month ?

    Comment: Exactly :-)

    3) ... do user need to do acquisition for each brand new created Fixed Asset ? wasn't the cost already stated when fixed assets created, so user only need to do decpreciation each month.

    Comment: If the fixed asset acquisition is already posted (a) through a purchase order or (b) through a vendor invoice journal, then you do not have to post another acquisition in the fixed asset module because the fixed asset is already acquired. However, I have seen applications where people use a PO and do a posting on a bridging account only. This bridging account is then cleared with the posting of a fixed asset acquisition journal. Here, I would recommend that you discuss the fixed asset acquisition process flow once again with your accountants because there are many ways how fixed asset acquisitions can be posted.

    Best regards,

    Ludwig

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello benjamin84,

    Just wondering if there is still something left open here or whether this issue has already been fixed?

    Would be great if you could keep us updated here.

    Many thanks and best regards,

    Ludwig

  • benjamin84 Profile Picture
    benjamin84 2,075 on at

    Hi Ludwig,

    we just did the reclassification.

    I want ask one more time,

    the old FA has type Tangible,

    I have updated the new fixed asset group type = intangible

    I tried to edit the new FA ( created automatically from reclassification ) , try to amend the type to intangible.

    it is run normally ? becauase when I clicked edit AX has been not responding for 5 minutes, and still no sign that it will be back to responding / not hang again.

    thank you.

    what the correct way to change the FA Type into tangible.

    do I miss some step before reclassification ?

    do I need to create FA group with type intangible, and the after reclassification from old type tangible, the brand new FA will be create as intangible type ?

    Thank you, need your advice

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

    Hi benjamin84,

    I cannot say much about your response time of 5 minutes except that 5 min is a bit long. If your system is in general very slow, you need to talk to your system admins so that they can take a look why this is the case and how they might be able to accelerate the whole process.

    About your classification type (tangible vs. intangible):

    The default type is linked to your FA group. When you do a reclassification and create a new FA, then the default type will be inherited but you can manually change it any time.

    Best regards,

    Ludwig

  • benjamin84 Profile Picture
    benjamin84 2,075 on at

    Yes Ludwig,

    at other demo environment the program running well, not hang.

    noted about type Ludwig.

    Thank you

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