fixed Asset Capitalization

ajaykt_2000

Dear Expert
I want to capitalize whole value in a fixed asset.Details is given below.

Fa Value is 10000.00
Excise 100.00
Tax 10.00
Freight 5.00
Other Charge 2.00

Total Value is 10117.00
I want to captalize 10117.00

ssingla

What have you done and what problem you are facing in doing the transaction?

ajaykt_2000

Hi singla
I want to purchase asset and captalize this asset on total cost involve. ie Rs10117/-
in my given example. I calculate all excise as well as tax through structure and in purchase line
Select type item(charge) freight and other charges but after postimg only base value is capatalize other valaue is not.Please give me some setup suggestion for such type of entry.

chengalasettyvsrao

If you want to Purchase the Fixed assest , why you want to select the Item charge (Type).

ssingla

Item charge should not be used.

For Excise define "Without Cenvat" in the FA Card field "Excise Accounting Type".
For Sales Tax/VAT define "Non ITC Claimable Usage %" as 100% in the Purchase Line
For other charges to be loaded use charges in structure and mark "Loading on Inventory" = Yes.

ajaykt_2000

Dear Mr Singla
item charge define in the structure and check mark load in the inventory work only in the case of item not in fixed asset.Please tell me if there is any other setting.because my client wants to captilize such value involve for purchase of asset like excise,vat and other charge.

ssingla

Have you tested the loading on inventory feature. I have done so in NAV 2009 SP1 & it worked.

violeta

For all those charges on PO put:

Type=Fixed Asset
No=number of FA which value you want to increase (the same FA number you used for purchase of FA)


This will incease the purchase value on FA card (and GL) and depreciation will be calculated on 10117.00

ssingla

violeta wrote:

For all those charges on PO put:

Type=Fixed Asset
No=number of FA which value you want to increase (the same FA number you used for purchase of FA)


This will incease the purchase value on FA card (and GL) and depreciation will be calculated on 10117.00

You solution will work perfectly for W1 version but not suitable for Localized IN database.