Fixed Asset deprciation

sajidhanifkhan
sajidhanifkhan Member Posts: 182
edited 2007-03-08 in NAV/Navision Classic Client
Hi,

Ihave created many FA items and purchasing via purchase invoice using fixed Asset Item at PO.

My question is that if I describe deprciation book and no of years for one item once it is purchased what if I purchase the same item in future? Should I create a new item code for the same item for example same type of table or chair? Or there is any way that I use the same item with different date of deperciation and cost?

I will appreciate elaborated replies from group members.

Thanks & regards

Sajid

Comments

  • Rule
    Rule Member Posts: 34
    Normally you must create for each item you purchase an FA card.
    You can group items on the same card but it narrows the possibilities.

    All these items have the same decpreciation start date and the depreciation will be generated for the whole of the items not for each individual item. If you group items it's difficult to know the current book value of an item (you have to calculate the item value) and you cannot dispose one item using the standard functionality.

    So wise advise=> one item = one FA card

    What you need to do is to automate the creation of an FA card using a standard for some items. So users can easely create an FA card for a computer, chair,... they gonna purchase.

    Greetz

    Rule
    Realisations are only limited by the borders of imagination
  • sajidhanifkhan
    sajidhanifkhan Member Posts: 182
    Hi

    Thanks for your wise advise Rule.

    There is an easy way to create the copy of the FA item. In the FA item card click on Fixed Asset button at bottom and select the option to copy Fix Asset. You need to check mark the FA number series as yes so it will assign automatically the next number to the newly copied item and then you just need to change the starting sate od derpciation and number of years in case you wanna change.

    Regards

    Sajid
  • ssingla
    ssingla Member Posts: 2,973
    Standard Navision presumes that the FA is revalued on the date when a acquisition cost entry is posted in the FA. Therefore if a new FA is purchased then though it belongs to old group , it should be booked to new FA card. This will provide a more meaningful Fixed Asset Register report. If you still want to use the same FA card then the only method is that the depreciation to the date of purchase of new FA should be caluculated and posted. If the user forgets then the correct depr. cannot be calculated again.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • sajidhanifkhan
    sajidhanifkhan Member Posts: 182
    Hi Sandeep,

    As you said "If you still want to use the same FA card then the only method is that the depreciation to the date of purchase of new FA should be caluculated and posted."

    Could you please let me know how I can follow your said method of using the same FA item with different depriciation date?

    regards

    Sajid
  • ssingla
    ssingla Member Posts: 2,973
    Which method of depr. are you using?
    CA Sandeep Singla
    http://ssdynamics.co.in

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