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author's profile photo Marika De Cesare
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Marika De Cesare

Reduce Value of Asset Sold

Posted on Oct 13, 2010 at 10:05 AM 9 Views

Hi Guys,

Is possible in AM ( Asset Management) to reduce the acquisition value of an asset sold last year, and to bring the value in the Capital reserve?

Then reduce the value of the fund last year and bring it to retained profit?

Tank you for your attention

Kinds Regard.

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  • author's profile photo Ajay Maheshwari
    Ajay Maheshwari
    Posted on Oct 13, 2010 at 02:27 PM
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    Hi

    Since you have sold the asset, you can not do that...

    However, with acq value X - Your profit upon sale was say 100 USD...

    Now you want to have X-2, which means that your profit on sale would have ,say, 150 USD.. So pass a manual JV in F-02 Crediting your Profit on sale of account and Debiting your Reserve account...

    For sure, you cant touch the AA module now

    Regards

    Ajay M

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