Dear Guneetinder,
Thank you very much for your explanation. I have done the way you advised but could come out with so many doubts. I request you, please clarify.
I agree that we are posting manual revaluation postings to an asset.
Either you can post revaluation amount with depreciation for current year at the start of the year or at the end of the year. In your case you can post at the start of the year. Actual postings will happen in GL accounts when you do depreciation run.
- If I post the Depreciation for re valuated asset amount at start of the year. This will be posted in the next month Depreciation Run as Depreciation expense. This means that we are posting entire year depreciation amount on revaluation in a single month. Doesn't this effect the monthly profitability of company?
Master date of an asset before re-valuation.
I have posted the revaluation amount of 1400000, with future 6 months depreciation from Nov13-Apr14. (we follow May to Apr FY)
After running the depreciation.
2. I failed to understand why system do not calculate Depreciation amount on re valuated amount, and post every month along with Ord Dep amount.
Is there any possibility?
3. How about next year Depreciation. How the system will take the next year depreciation amount and how ?
Please clarify ..
Regards- Venu