hi, i ahve an asset that is fully depreciated, but i want to increase its value so it can continue depreciation again as the asset value has increased. how do i go about this? i only see option to write down but no where to increase.
j
Jon Kears
02/08/2024, 3:32 AM
Asset revaluation?
👍 1
j
John
02/08/2024, 3:36 AM
There’s only option to write down but we need to increase
m
Marc
02/08/2024, 9:38 AM
Enter negative amount in the write down amount to increase the amount asset
🎯 1
j
John
02/09/2024, 9:45 PM
Tried that it doesn’t work if it’s fully depreciated
John
02/09/2024, 9:45 PM
It throws an error that cannot go negative
m
Marc
02/11/2024, 2:39 PM
Worked for me ..
Put the % write down
Click on Calculate button and edit the write down amount ( add negative amount)