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 follows-
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
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
For extracted inventory, we can add the fixed asset, add the item, add the unit cost (this is the cost which will be the cost price of the item)
This will reduce the capitalized cost