Additions to fixed assets

Requirement

In the Czech Republic, additions to fixed assets are commonly used as part of the fixed assets processes. If additions to existing fixed assets are processed, then related specific rules must be followed.

M3 solution

Additions to fixed assets and the creation of subassets into main assets are supported by M3. These tasks can be completed manually, per asset under construction or accumulated project cost, or directly integrated with supplier invoice recording or inventory.

The current limit has been set to CZK40,000 by the authorities. If depreciation is processed for an addition or a technical increase, then the configurable amount is to be considered and other depreciation rules are involved. The user can choose to run depreciation for an addition or a technical increase. Technical increases are not allowed in the year of the original acquisition of the asset.

Additions can be completed even if the fixed asset has already been fully depreciated.

Configuration guidelines

Program ID	Program name	Description or comment
FAS900	Settings - Fixed Asset Acquisition	Add a specific value type for technical increases. Set the Technical increase field for technical increases and set the Amount limit field to 40,000.