Revaluing an asset

You can use the Asset Valuation InfoViewer to revalue a single asset using the Net Value method. When using this method, you create your own calculations and then specify the revalued amount of the asset, rather than directing Infor Public Sector to recalculate the value. After you calculate depreciation using Lookup Asset Valuation Group, the revalued amount you specified becomes the new written down value (WDV) of the asset.

Load the valuation you want into the Asset Valuation InfoViewer.
On the Revaluations tab, click Add above the grid.
Select Net from the Revaluation Method list.
Specify this information:

Valued

Specify the date of the revaluation.
Note: This date must be after the last depreciation calculation for the asset and before the current date.

Revalued Amount

Specify the new current value for the asset.
Specify any other information about the asset's revaluation.
You can specify a code indicating the reason for the revaluation in the Reason field, and you can also specify a new expected life and a new residual value for the valuation.
Note: To set the residual value to 0, you must select the Force Residual Value to 0.00 check box. Because 0.00 is displayed in the New Residual Value field by default, selecting this check box indicates that you intend to set the residual value to 0.00.
Click Save.
The revaluation record is added to the Revaluations tab and a new asset valuation run record is created. The revaluation record will display the market value, accumulated depreciation for the asset, and other important information about the revaluation.