FA Gurus Help

[qamer.financial]

Hi FA Guru's

My Client wants to modify net book value even Assets reached the value to Zero. So, they want to keep 1 amount as a assets net book value.

[AmanKhan]

Rollback depreciation on particular asset & assign salvage value to 1.

Regards,

[qamer.financial]

Dear,

Its long back Asset which last depreciation ran on sep-09 net book value become zero.

[AmanKhan]

Its simple, Adjust Asset cost by 1 & assign salvage value 1.

Regards,

[yknev]

Hi AmanKhan,

How to depreciate particular asset. could you help me.

Regards,

Yknev

[qamer.financial]

Dear

Can provide the step ? how can we adjust?

[qamer.financial]

Dear

When i am trying to update the salvage value massage appears is "Salvage value cannot exceed more than Net book value" Presently NOB value is zero.

Please advice

[AmanKhan]

1. Rollback depreciation on asset.
2. Increase asset cost by 1.
3. Assign Salvage value 1.
4. Run depreciation. System should calculate 0 depreciation.

[qamer.financial]

It is necessary to ROLLBACK DEPRECIATION?

It will increase the COST.

So, what we will do is add the amount in current cost then enter the salvage value 1 then Automatically NOB Value become 1.

Its ok please suggest if any missing step?

[AmanKhan]

Rollback is necessary because system will recalculate depreciation on that particular asset because assets is old one.

Yes, it will increase cost but it is the only possible workaround. You can change current cost by 1& assign salvage value 1.
One more step, After depreciation change/revert current cost again and decrease by 1.

[yknev]

Hi AmanKhan,

How to depreciate a particular asset.

Regards,

Yknev