Fixed Asset - Revaluation

Revaluation is done per depreciation type. Therefore, the voucher type that is connected to the book of account defined in the FAM function FA90 'FAM Function. Open Details' (CRS406) must be connected to a 1-'Local' voucher type.

The voucher substitution functionality should be used for the revaluation of non-local depreciation type.

Revaluation updates the adjustment value type that is connected to the accounting ledger to which the depreciation type is connected.

To illustrate, for a fixed asset with a local depreciation type and total acquisition cost of USD 75,000 with a residual value of USD 500, the lifetime that is set to five years is to be evaluated on the second year.

On the second year, the netbook value of the asset is USD 44,700. The fixed asset value should be USD 80,000.

With this, adjustments on the total acquisition cost amounting to 57,743.36 and a depreciation of 22,943.36 are posted on the depreciation type that is being revaluated.

All these transactions are updating the same accounting ledger that the depreciation type is connected to.