My client has undergone acquisition and they would like to revalue their fixed assets post acquisition. One solution I've have found is exporting all the fixed assets, modifying the data and reimporting the assets with a new book and then going through acquisition, depreciation, disposal sale/scrap where needed etc. and then scrapping the assets on the old book. Now my question is why can't we just use the Fixed assets revaluation transaction to update to the new value? The service life can be changed on the asset record. The one thing that cannot be changed is the placed in service date but why would we want to change that?
I don't think the excessive workaround as you described is required. Any any point in the lifetime of the asset, you can book corrections. Indeed, you can manage some settings like the life time on the existing asset book. Ensure you try it first in a UAT environment and test the outcome of future depreciation amounts if they are as per your expectation.
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