Asset Revaluation Process Stages
The Process Status page queues the following processes for asset revaluation. Click Details on any process to view its stage details.
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Process |
Process Stage |
Process Stage Description |
|---|---|---|
|
Asset Revaluation |
Revalue Asset |
Adjusts the value of the asset. |
|
Update Related Records |
If the revaluation is successful, the system skips this process and sets the status to Not Required. If it fails, the system reverts changes made in the previous stage. |
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|
Delete Old Forecast Values |
The system deletes existing depreciation schedule since it's no longer accurate after the revaluation. |
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|
Update Compound Assets |
Updates compound asset records. |
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|
Update Related Records |
Updates other records related to this asset. |
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|
Generate Depreciation Schedule |
Generate Depreciation Schedule Values |
Creates new depreciation history records for generated assets and tax methods. |