Visma Net
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.
For more information, see: Change the useful life of an asset - The salvage amount of a fixed asset.
For more information, see: Change the salvage value of an asset
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 concepts
About fixed asset adjustment transactions
Related 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 an unreleased fixed asset transaction
Release a fixed asset transaction
Related windows
