Forum - entering an asset revaluation

entering an asset revaluation

Aldevinas Katkus

11-30-17

How should I enter an asset revaluation in v. 8.3 if I increase the value of an asset?
Few versions ago I used to enter a new increased value in the new value field as "purchase value" + "increase", however I get incorrect depreciation amount in the depreciation report if I enter in such a way. If I enter "residual value"+"increase" I get correct depreciation amount, but other columns are incorrect.

Agnieszka Klimkiewicz

12-4-17

Hello.

You register asset revaluation using Revaluations register.
You enter new asset value that is purchase value + increase in field

Start Value 1 - for Model 1
or/and
Start Value 2 - for Model 2

Starting date 1 ( or/and 2) will decide when revaluation is taken into account for your depreciation.

Aldevinas Katkus

12-4-17

Created byAgnieszka Klimkiewicz14:32 4 Dec 2017

Hello. You register asset revaluation using Revaluations register. You enter new asset value that is purchase value + increase in field Start Value 1 - for Model 1 or/and Start Value 2 - for Model 2 Starting date 1 ( or/and 2) will decide when revalua

If I enter this way I (and our clients) get too big depreciated value per month:
In the Asset record:
purchase date=2012-12-13, start date1= 2013-01-01, asset value € 5796.17, model=120 (120 months=10 years), straight line, residual value=0.00

Revaluation record:
Asset life is not changed (120 months), new percentage for the model is calculated according to the formula in hansamanuals.com.
transaction date=start date1=2017-03-01
model=17_14 (17.14%/year)
new start value1 =5796.17+559.8 =6356.05

depreciation per month should be about 50+ euros/month, the report shows 90+ €.

Agnieszka Klimkiewicz

12-8-17

Hello.

So I double checked calculation mentioned from our manual and I found it is not correct.
I talked to manual writer and we corrected it in the manual page you mentioned.

So please use currently available calculation and all should be fine.

Regards.

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