Fixed Assets
Fixed Assets reevaluation is performed based on a value identified by the revaluation experts using Net Book Value method. Using this method, the accumulated depreciation is subtracted from the cost of the assets, and the new value of the asset becomes the Net Book Value.
Fixed Assets revaluation
- Revaluation Using the Net Book Value Method (lprou2199m000): When this session is processed, Infor LN performs a
double adjustment on each revaluated asset/extension and adds the difference value from
the net book value to the revaluated amount of a new extension of the asset. After
adjustment:
- The current cost of the asset becomes the Net book value.
- The accumulated depreciation on the revaluation date is replaced with 0
- A new extension of the asset is added for the variance between the net book value and the revaluated amount
- Print Assets Status (lprou2498m000): Use this session to print various reports that display the status of the fixed assets that are subject to revaluation process.
Fixed Assets Reports
These reports are available:
- Print Assets Register Inputs or Outputs (lprou8400m100)
- Print Assets Register (lprou8400m200)
- Print Asset Details (lprou8400m300)