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Depreciated Cost and Upward Revaluation

Depreciated Cost and Upward Revaluation

Depreciated Cost and Upward Revaluation

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To continue with the example of the previous topic Depreciated Cost and upwardly revaluating value of fixed asset (for example see topic 3 - Upward Revaluation on Acquisition Accounts), it can be established that by using depreciation of type "21 - Depreciation on acquisition accounts" you can calculate both the original cost and any upward revaluation of type 3.

Depreciate fixed asset using upward revaluation of year 2008:

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Lines of journal entry that are created using automatic posting of depreciation report include depreciated cost (e.g. 432D) and its contra entry on the Fixed Assets account (e.g. 0500C): for type 1 - Acquisition and 3 - Upward reval. on acquisition accounts:

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