This document is used to register the cost of capital Improvements made to the fixed assets and to change the parameters resulted from these improvement as followsthe improvement.
The improvements-
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.
It is available under Asset Management > Fixed assets documents >Capital > Capital Improvements to Fixed assets.
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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 Current current details.
For example, the fixed asset Laptop has net book value-AED 3,000
I can changed the parameters under revised column
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