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Post-processing Value Exceeding Adjustment

The expenditure is higher than the accumulated depreciation

010381.gif010411.gif010382.gif010383.gif

 

Depreciation following December 31st, 2007:

  • Fixed asset's cost (purchase value) is €10,000; and the accumulated depreciation €5,000.
  • The expenditure exceeds accumulated depreciation. The expenditure which prolongs the fixed asset's useful life equals €6,000 (current accumulated depreciation equals €5,000).

Posting of received invoice for such case would be:

Account Debit Credit
0470 6.000  
2200   7.200
1600 1.200  
Balance 7.200 7.200

Set Entry type 3 in Status tab and perform posting:

Cost (Purchase value) +€1,000, Accumulated depreciation -€5,000

  • the difference between the old and new cost: +1,000 (0400D €1,000, 047C €1,000)
  • the difference between the new and old adjustment: -€5,000 (0500C -€5,000 (reversal), 047C €5,000)
Account Debit Credit
0470   1.000
0400 1.000  
0500   -5000
0470   5000
Balance 1.000 1.000

 

JOURNAL ENTRY (from Post Value Adjustment):

023524.jpg

023525.jpg

 

Related topics:

For a general description of functions see:

 

 


 

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