Asset Additions By Cost Center Report - FAS420 Incorrect Cost and NBV (Doc ID 1604337.1)

Last updated on APRIL 12, 2021

Applies to:

Symptoms

Asset Additions By Cost Center Report shows wrong value in Net Book Value column.

Its initial cost is 34.261,65. Addition had been in July as CIP asset.
Than, in the next period August, there was an adjustment. Its value increased double, to 68.523,30 and the asset was capitalized.
Period was then closed.

In the report run for August, there are 2 issues:

- Cost is still stated as 34.261,65

- NBV is based on 34.261,65 minus initial depreciation

This whereas the View Financial Information form does report on 68.523,30.

Also the Asset Register report states 68.523,30

Cause

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