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The following explanations will help you to adjust values of fixed assets, post appreciation, and post write-down transactions.
Indexation
Indexation is used to adjust values for general price-level changes. The Index Fixed Assets batch job can be used to change various amounts, such as write-down amounts, salvage values, or appreciation values.
Posting Appreciation Transactions
Appreciation is an increase in the value of a fixed asset, typically land and buildings. It can also be used for a fixed asset such as an oil platform, that increases in value because of an increase in demand for the item.
To post appreciation transactions to a depreciation book for which appreciation has G/L integration, you must use an FA G/L journal.
To post an appreciation transaction to a depreciation book for which appreciation does not have G/L integration, you must use an FA journal.
Posting Write-Down Transactions
You can use this feature to write down an asset when its value has decreased. An example is a machine which has been damaged but can still be used. The book value of a fixed asset is reduced by posting a write-down entry.
To post a write-down entry to a depreciation book for which write-down has G/L integration, you must use an FA G/L journal.
To post a write-down to a depreciation book for which write-down does not have G/L integration, you must use an FA journal.
The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.
| To | See |
|---|---|
Use the Index Fixed Assets batch job to calculate the replacement costs of fixed assets. |
|
Post an appreciation transaction to a depreciation book for which appreciation does not have general ledger integration. |
How to: Post Appreciation Transactions from Fixed Asset Journals |
Post appreciation transactions to a depreciation book for which appreciation may have general ledger integration. |
How to: Post Appreciation Transactions from Fixed Asset General Ledger Journals |
Post a write-down to a depreciation book for which write-down does not have general ledger integration. |
How to: Post Write-Down Transactions from Fixed Asset Journals |
Post a write-down entry to a depreciation book for which write-down has general ledger integration. |
How to: Post Write-Down Transactions from Fixed Asset General Ledger Journals |
Post an additional acquisition cost for a fixed asset the same way that you post the original acquisition cost: from a purchase invoice or from an FA journal. |
|
See an example in which acquisition costs are posted. |