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
- Product
- IRIS Fixed Asset Register
- Problem
- Fully depreciated assets re-appear in the Fixed Asset Summary Report with a net book valueFully 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.
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