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May 16, 2008 at 05:58 AM

Re Value the Asset

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Dear All,

We want to Revalue the Asset.

For Ex: We have Purchase a car for 5,00,000. we have raised the PO, and also Made the payment. Now we have purchase a music Player. Now my client wants to add the Music palyer value Rs.16,000 to the value of the asset. ie increase the value of the asset. We have not calulated the depreciation for the car asset.

Kindly please guide me. How am i supposed to make the entry,

Regards,

R.Ramakrishnaraj,