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Companies with fixed assets that generate financial statements based on IFRS must revalue their fixed assets, e.g. aircraft and shipping companies. This may result in separate fixed assets that must be depreciated with a different service life than the fixed asset the new fixed asset is related to. 


The revaluation might end up with a negative amount, that must be stated as a liability in the financial statement and depreciated as a normal fixed asset with a positive amount.


The functionality requested is the same as for a “traditional” fixed asset with a positive acquisition value:



  1. Creating depreciation proposal in a fixed asset journal

  2. Create depreciation proposal across companies

Category: Fixed assets
STATUS DETAILS
Completed
Ideas Administrator

Thrilled to announce this feature released in 2022 Release Wave 1 APP 10.0.24.

Sincerely,

Mohamed Aamer

PM, Microsoft 

Comments

S

Thank you for your feedback. This is a great suggestion! We will consider it in our roadmap.

Sincerely,
Sara Schilke
PM, Microsoft

Category: Fixed assets