This document can be used to register the
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cost of capital
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Improvements made to the fixed
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assets and to change the parameters
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resulted from these
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improvement as follows
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a) Increase the gross cost of the fixed asset by cost of capital improvements made to this asset and confirmed by documents.
b) Change the depreciation calculation parameters, for instance, extend the useful life of the asset, or increase the estimated
production volume.
c) Calculate the depreciation cost in the month when capital improvements took place.
d) Take into account the costs and receive to warehouse the inventory items extracted from the fixed asset during improvements.
Create invoice received and create capital Improvement (new documents)
It can be used for creating deprecation, extend useful life, change calculations parameters.
2. Record deprecation for that month using this document.
3. Extract the cost, receive the inventory (extracted from the fixed assets) under the warehouse
Capital improvement document-
There are two tab- fixed assets and Extracted inventory Add the fixed asset-it will pick up all the current balance of the fixed asset, To fill the capital improvement, click on fill option, it will
Fill automatically the below details.This document is available under Asset Management > Fixed assets documents
Open the document page and click on create option to create new document
In the main tab, add the entity name and who is responsible for this document
In the Fixed assets tab, add the fixed asset which required the improvement and click on calculate to fill the details. Below
I can changed the parameters under revised column
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