About changes in fixed asset estimates
Adding a fixed asset involves determining the estimated useful life and salvage amount of the asset. Estimates are subjective and may require revisions during the life of the asset. For example, the rapid technological advances may result in the actual useful life and salvage amount differing from your company’s current estimates.
In Visma Net, you can account for changes in the following estimates:
The useful life of a fixed asset. Change the useful life of an asset
For more information, see:The salvage amount of a fixed asset. Change the salvage value of an asset
For more information, see:
Depreciation after changes in estimates
The changes in estimates effect the current and future periods. The system uses the revised value for the depreciation throughout entire asset life in periods after the change. You can configure the system to accelerate the depreciation for the assets that use the straight line method and Dutch method 2. In this case, the system uses the revalued amount as the basis for the depreciation in the periods after revaluation. For more information, see: About depreciation configuration
Related pages
Concepts
- About fixed asset entry
- About fixed asset reversal
- About fixed asset types
- About fixed asset adjustment transactions
Tasks
- Change net book value of an asset
- Change the salvage value of an asset
- Change the useful life of an asset
- Convert purchased items to components of a fixed asset
- Delete a fixed asset
- Delete an unreleased fixed asset transaction
- Dispose of an asset
- Enter an asset
- Import fixed assets
- Release a fixed asset transaction
- Reverse an asset disposal
- Reverse an asset
- Suspend asset depreciation
- Transfer an individual asset