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Former Member
Oct 23, 2012 at 01:49 PM

New valuation of asset with reset depreciation and useful life

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A company was recently acquired by another company. The new company wants to revalue all assets to their NBV and reset depreciation (all within the existing company code). For example if the asset had 10 years useful life, 9 of which has been depreciated, they want to revalue the asset to its NBV, reset depreciation and reset useful life back to 10 years as of a specific date. It seems like AR29N might be an options but with these other variables, I'm not sure what the best approach is and FI-AA is not a strength of mine. All input is welcome.