How to increase an Asset Cost

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Dear All,

I have a situation where we want to increase the Cost of an Asset even after 
doing the depreciation of it.
Is it possible, if so then how?

GP 9.0 SP 4, SQL 2005
Thanks,
Amjad Ali


0
Reply Utf 3/31/2010 12:31:01 PM

In the Asset Card, click the blue arrow next to the Acquisition Cost
field.  You can add a line in the Asset Purchase window to increase or
decrease the cost.  You'll also need to change the Cost Basis in the
Asset Book window for the appropriate Book(s).  When you change any
depreciation sensitive field, you're prompted to recalculate
depreciation.  There are 3 options for this which you can read about
here - http://gp2themax.blogspot.com/2010/01/gptip42day-recalculating-depreciation.html.

Frank Hamelly
MCP-GP, MCT, MVP
East Coast Dynamics
www.eastcoast-dynamics.com

get your GPtip42today at www.gp2themax.blogspot.com


0
Reply Frank 3/31/2010 12:45:19 PM

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