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author's profile photo Former Member
Former Member

Wrong Asset Class Urgent

Dear Guru's,

Our client created some assets with wrong asset class, now i am going to create new assets with right asset class and transfering the amount through abumn, after transfer when i see the new asset(right asset Class) values some amount shows in value adjustment. What is mean by value adjustment

Any body Please tell me the process for solution of wrong asset class.

i will assign full points for very solution.

regards,

Gopi.

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Apr 11, 2008 at 07:39 AM

    Hi,

    Thanks for your reply, when i transfer from old to new asset which amount i have to take for transfer i.e. net book value or APC value

    please guide me

    points will be reward.

    regards,

    Gopi.

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 11, 2008 at 10:24 AM

    Hi Raghu,

    When i transfer the value from old to new asset, if i gave nb value its taking only nb value, if i entred apc value its taking apc value including ord. dep. value and value adjustment but when i go to see the new asset value its showing in apc value and ord. depreciation value and in old asset its showing value adjustment.

    i tried so many times but result is same. how can i tell to client regarding on this.

    please give the solution

    regards,

    Gopi.

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    • Former Member

      Dear Gopi,

      You transfer the values based on apc. By doing this, you will get the values of APC as well as Acc Depn...

      Further, you can maintain the useful life of the original asset in the new asset no. If you transfer by Net book value, you will have a problem with the useful life and the depreciation key.

      Assign points, if useful

  • author's profile photo Former Member
    Former Member
    Posted on Apr 08, 2008 at 02:39 PM

    Hye

    The difference is the depreciation amount between the last depr date till the transfer date.

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