Fixed Assets - Add accumulated depreciation to new assets
When a revalued asset is created (e.g. roads in a local government authority), it is essential that a revalued accumulated depreciation is also able to be added at the same time. This is a basic accounting requirement for councils when they revalue their various infrastructure assets.
David Anderson
shared this idea
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Marc @Loftus.Co
commented
I agree. It's also necessary when Building Assets that are eligible for the Building Writeoff Allowance are acquired post construction such that you can only depreciate the remaining undepreciated balance of the building cost either as determined by historical actual cost records or a surveyor.
This would just require an accumulated depreciation balance to be entered wihtout needing to predate the depreciation start date to the system fixed asset start date.
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Ilse Hougaard
commented
Fixed Assets - Please add the ability to enter an asset with accumulated depreciation value AFTER the Fixed Asset Register start date.