UBS Fixed Asset Register » Maintenance

ID #1481

Take up Existing Assets


The solution explaining the  usage of Take up Existing Assets

(Maintenance —Fixed Assets Maintenance —Fixed Assets File Maintenance  —Details (3))




Asset Name             :    National AIR Conditioner

Purchase Date          :    01/01/2004

Purchase Amount      :   1,230.00

Life                         :   10 Years

Rate                         :  10 %  

Depreciation Method :  Straight Line Month


Monthly Depreciation 

Value                         : 1,230.00        = 10.25









There is a difference between customer’s and system’s calculation. The customer already submitted

depreciation value (123.60) and accumulated value (123.60) to Accounting system, where Accounting system has completed year-end processing for the year 2004.


In this case,  you should use  “Take up Eixisting Assets” because there  are differences between system’s and customer’s own calculation.













Tags: Take up Existing Assets

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Last update: 2010-11-18 04:16
Author: Noor Diyana
Revision: 1.0

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