Relife

Caroline Buckland Updated by Caroline Buckland

The process

Occasionally, an asset’s life needs to be amended. Postings are not normally created as a result of a RL.  The effect of the relife is to increase or reduce future depreciation postings. A RL record can be repeated any number of times for an active asset.

Access the Asset Relife Screen

To access the Asset Register follow the menu options, Fixed Assets- FA Processes-Asset Maintenance-Asset Register.

Enter the Asset number in the Selection Window or enter another criteria. Select the Search button.

Alternatively just select Search retrieve a full list of assets.

Create Relife

Select the asset to relife, followed by Valuations: Relife option

Press Enter on the Keyboard to default the Values. Change the Expected Life.

In the example below this will be the Year and month of the relife.

Update the Relife

Select Save.

Exit from the screen to the Asset list, click on the Valuations button.

You will see a new line is displayed for the Relife you have made. The H book will show an increased value.

Was this article useful?

Disposals

Contact