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icon12.gif  Fixed Assets - Queries [message #188643] Mon, 21 August 2006 02:17 Go to next message
LXC3076
Messages: 8
Registered: June 2006
Junior Member

Questions

1. In FA, Can you add an improvement to an already existing asset.
Is it an addition which increases the value of the asset? Will this improvement have the same asset number as the already existing asset?
2. How does Work in progress function with an asset?
3. What is the standard report for WIP?
4. Can an asset category for example Buildings have more than one depreciation rule for example degresive or depending on the useful life of the asset?
5. Can you create assets with 0 cost? How?
6. How do deal with a sale of an asset in FA?
What is the integration with Receivables?
7. How we will treat in FA the losses of value of assets different from the amortization (definitive or not)? Example: an element that I must depreciate more express of which had anticipated because due to a technological advance it is going to be obsolete before.

Thanks in advance

L

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Re: Fixed Assets - Queries [message #189744 is a reply to message #188643] Sat, 26 August 2006 06:00 Go to previous messageGo to next message
karunakar.regidi
Messages: 2
Registered: August 2006
Location: Hyderabad
Junior Member
6. How do deal with a sale of an asset in FA?
What is the integration with Receivables?

No more integration between AR to FA
If your retire an asset then we got some amount(Proceeds of Sale) the amount we taken as a Misc receipt in AR.

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Re: Fixed Assets - Queries [message #189745 is a reply to message #188643] Sat, 26 August 2006 06:08 Go to previous message
karunakar.regidi
Messages: 2
Registered: August 2006
Location: Hyderabad
Junior Member
5. Can you create assets with 0 cost? How?
yes we can create.
at the time of asset addition you select as group from (capitalized,CIP,Exp,Group) then we can create Zero

Because we have more than one asset in same category then we can track all the assets as group what ever your given the dep. rate in that group dep will caluculated

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