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Revaluated Value = Market Value - Book Value, where the Book Value is Corrected Cost minus Accrued Depreciation.
Example:
Market Value | 500,000.00 |
Corrected Cost | 280,000.00 |
Accrued Depreciation | 80,000.00 |
Revaluation Value | 500,000.00 – 200,000.00 = 300,000.00 |
The annual rate of depreciation can be adjusted in terms of the new useful life of the asset.
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The revaluation value can be calculated automatically from a specified value, provided the parameter MV_ZRADEPR is set to T (True). This resource was created so that the user need not calculate the revaluation by the difference.
Example:
Original Value | 1,000.00 |
Accrued Depreciation | 100.00 |
Residual Value | 900.00 |
Revaluation | 1,200.00 |
In this case, the value 1,200.00 is registered. Thus, the system updates the asset value at 900.00, setting accrued depreciation to zero. The revaluation value will be 300.00.
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