Fixed Asset Troubleshooting: To Change Net Book Value of an Asset

You use the Reconciliation tab of the Fixed Assets form to change the net book value of the selected asset.

To Change Net Book Value of an Asset

1. Open the Fixed Assets (FA303000) form.
2. In the Asset ID box, select the asset whose net book value you want to change.
3. On the Reconciliation tab, in the Reconciliation Type box, specify if you want to increase or decrease the net book value of the asset.
4. Set up the criteria to select the document declaring the change in the net book value of the asset. Do the following:
   1. In the Account box, specify the account of the document.
   2. In the Subaccount box, specify the subaccount of the document.
5. In the Tran. Date box, specify the date of the reconciliation transaction.
6. In the Addition Period box, specify the financial period of the reconciliation transaction.
7. In the table, select the Selected check box for the document to be used.
8. Make sure the Component check box is cleared.
9. In the Selected Amount box, specify the amount of the transaction.
10. Click Process on the table toolbar to process the transaction.
11. On the form toolbar, click Save.
12. Release the resulting transactions as directed by your company workflow.

The resulting transactions affect the net book value and the current cost of the selected asset displayed on the Balance and Reconciliation tabs.