Asset Revaluation
The Asset Revaluation feature lets you write down or revalue an asset. A write-down is a form of depreciation that involves a partial write-off. Writing down the asset lets you enter a new net book value and post the difference to the general ledger. Revaluation adjusts the true value of the fixed assets. Asset Revaluation is supported for accounting methods only. It does not apply to alternate/tax methods that are not linked to an accounting book.
Starting with Fixed Assets Management version 18.1, asset and tax records are linked to an accounting book. In non multi-book accounts, the system tags all records to the primary accounting book. With this change, you'll see the tax methods on the Asset Revaluation page when you select an asset. Records are arranged by accounting book, GL posting tax methods, and then non GL posting tax methods.
For information about asset revaluation in multi-book accounting, see Revaluing an Asset in Multiple Books.