Fully depreciated assets re-appear in the Fixed Asset Summary Report with a NBV
Article ID
ias-8635
Article Name
Fully depreciated assets re-appear in the Fixed Asset Summary Report with a NBV
Created Date
15th February 2010
Problem
Fully depreciated assets re-appear in the Fixed Asset Summary Report with a net book value Fully written down assets with an initial NBV of zero appear on reports with a NBV and no accumulated depreciation - this should be the other way round where there should be accumulated depreciation and no NBV.
Resolution
Users would be required to ensure that they have selected a ‘Depreciation Policy No.’ when setting the asset up.
This can be checked by following the below steps:
1. Log into Fixed Asset Register and select the client.
2. From the Edit menu, select Asset Browser.
3. Click on the ‘+’ sign to the left of the relevant asset category.
4. Highlight the asset and click Details.
5. Ensure that a Depreciation Policy No. has been selected.
We are sorry you did not find this KB article helpful. Please use the box below to let us know how we can improve it.