Revaluation of an Asset

In MYOB Acumatica, you can increase or decrease the net book value of the asset by reconciling the asset record with the financial documents that declare the change in asset value. In that case, the process generates the Purchasing+ and the Reconciliation+ transactions.

For details, see To Change Net Book Value of an Asset.

Depreciation After Revaluation

After you revalue the asset, the system uses the revalued amount as the basis for the depreciation throughout entire asset life in periods after revaluation. You can configure the system to accelerate the depreciation for the assets that use the Straight-Line method. In this case, the asset depreciation the system uses the revalued amount as the basis for the depreciation only in the periods after revaluation. For more information, see Depreciation Configuration.