Dear All,
I have a question regarding fixed assets.
We need to achieve the below described retirement postings (i.e. the cummulated depreciaiton is posted as Dr in the capitalization value and Cr net book value instead od posting one amount) , which is apparently in line with the IFRS rules
Posting Key Account Amount
75 Asset cost 1000-
70 Cummulated depreciation 1000+
75 Cummulated depreciation -800
40 Net book value 800+
At the moment the retirement is posted in the following way
Posting Key Account Amount
75 Asset cost 1000-
70 Cummulated depreciation 200+
40 Net book value 800+
Could you please advise, how to set up the system?
Thank you in advance.