Using Asset Revaluation

Fixed assets cannot only decrease (depreciate), but can also increase in value. Revaluation is the process of updating the book value of fixed assets, because the prices of similar assets have increased. Like depreciation, you can maintain the increase in value and post it to the general ledger.

Revaluation allows the creation and maintenance of index data used to perform mass adjustments on asset book values. You can define revaluation indices and establish them for specific years. The asset revaluation process executes a mass adjustment based on values you enter, such as cost values. It adjusts previously calculated depreciation if necessary, and then recomputes depreciation expense and records it for each asset book match.

You can link a revaluation system to an asset book in the Asset Books (tffam1510m000) session.