Asset Revaluation after two Year

[former_member859149]

We have Capitalization Asset on 01-04-2021 Asset Rs10000/- then Depreciation run on that Asset RS 1000/- on that Year.

Year: 21-22

Asset Rs:10000/-

Depreciation Rs 1000/-

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Net Amt on Year 22-23 RS 9000

this year(22-23) Depreciation run for the 10 Month Rs 900/-

Net Amount will Be Rs 8100/- (Year 22-23)

Now we are Realize that Capitalization Asset Amount is not Rs10000/- it is Rs 8000/-

how to revaluation Asset ?

[narasimhulu_konnipati]

You will have to configure Asset Revaluation using SPRO and run the Revaluation using ABAW. Post that, run AFAB to post the revaluation.

Allow Revaluation posting at your Company code level where you define Depreciation posting interval.

Thanks,

NSK