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fixed asset register


User wants to add another asset register in the system, For example, one at book value which is standard and one at fair value and fair value register shouldn't have any financial impact, it will be just for reporting purpose. I mean user doesn't want to revalue their net book value, instead just want to show 2nd asset register at market price. How to do this? Please help me with configuration part. Thank you

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  • Best Answer
    Posted on Jul 16, 2020 at 11:35 AM

    Hello gaurav singhal

    A similar question, raised by you has already been answered by Eli Klovski.

    Having a new valuation means that you need to add a new depreciation area for every asset and based on depreciation area, you can draw the assets. You can choose to not post this depreciation to GL and set up depreciation keys to show the fair value of asset as per your business requirement. What would be the crieterion to determine the fair value, you need to ask your business counterpart.

    The below link also has additional screenshots which may be useful to you.

    Hope this helps.

    Thanks & Regards,

    Sanil Bhandari

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