This document is used to record the expenses of enhancing fixed assets and updating their parameters resulting from these improvements.
It is included in the database starting from version 2.1.1.29.
The enhancements:
a) Increase the total cost of the fixed asset by the expenses incurred for the improvements, supported by documentation.
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The extracted inventory will be treated as s tandard standard inventory.
The extracted inventory will be recorded as regular inventory
You can review the fluctuations in capital improvement costs over the specified period for fixed assets using the report Costs of Capital Improvements of fixed assets.
Expense items categorize the cost structure, and you have the option to filter the data by entity, fixed asset, or expense item.
Go to Asset Management > Reports > Costs of capital improvements to fixed assets
Thanks for being a FIRSTBIT Customer #Fixed asset improvement #Extracted inventory #Revised depreciation
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