Fusion Testing
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TC-09019 : Asset Revaluation
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Process Area : F&A
Prerequisites
Perform analysis for revaluation amount.
Steps To Execute
1. Navigate to Fixed Assets ; Transactions ; Asset Revaluation 2. Select Asset to revalue 3. Click the Calculate button 4. Enter a Transaction Date 5. Enter a Transaction Reference. This will be populated in the Journal Entry Memo field 6. Enter the WriteDown Amount. Positive numbers decrease the value Negative numbers increase the value 7. Enter a Adj Residual Value and/or Adj Lifetime 8. Enter Straight Line Remaining for Adj Depreciation Method 9. Click Process Revaluation button
Expected Results
1. Asset Current Cost includes the Revaluation amount 2. Depreciation Method is Straight Line Remaining