Change the useful life of an asset

If the estimation of the useful life of an asset has changed, you change the estimated useful life in the asset record accordingly on the General settings tab of the Fixed assets (FA303000) window.

For more information about changing the estimated useful life of an asset, see: About changes in fixed asset estimates

  1. Go to the Fixed assets (FA303000) window.
  2. In the Asset ID field, select the asset whose net book value you want to change.
  3. On the General settings tab, in the Useful life, years field, specify the new estimation of the asset useful life.
  4. Click .
  5. Release the resulting transactions as directed by your company's workflow.
    For more information, see: Release a fixed asset transaction

The resulting transactions affect the net book value and the current cost of the selected asset displayed on the Balance and Reconciliation tabs.