Skip to main content

Asset Depreciation / Impairment Wait, I should return only one translation. Let me reconsider. Asset Impairment

Asset Value Reduction and Depreciation Schedule Correction

Written by Lenka Haringerová

If we have an asset recorded in Flexi that we have been depreciating for more than one year (e.g., already in its second year), and the value of the asset needs to be reduced over time (e.g., based on a subsidy), it is necessary to reduce the original asset value on the asset card, recalculate the depreciation, manually adjust the depreciation for the first year of depreciation using a user-defined change so that it corresponds to the depreciation actually applied, and finally post the asset value reduction via an internal document.

Did this answer your question?