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Join nowHi there,
I put valuation of Hardware Items like IT Assets, Electronics and Furniture as Fixed Asset1; Motor Vehicle, Apartment & Digital Asset as Fixed Asset2; At reopening of 2021, Fixed Asset1 has some Depreciation Value and make new Account Code like Deppreciation of Hardware under Fixed Asset and Fixed Asset2 has Appreciation and I make another account of Appreciation under Fixed Asset; I put all figures but when I run the report both Depreciation and Appreciation Value are not calculated. And origianal total value is shown to me. How can I solve this problem?
Regards,
William
Fixed assets do not increase in value they sit on the books at purchase price, so any appreciation you decide has happened is not something you put on the books. There is a complicated way to do it dealing with both an asset account and an equity account, named something like unrealized asset appreciation. But doing that is a balance sheet type thing which has to be monitored closely since assets also drop in market value.
IMO a fixed asset account should be named for the fixed asset and the associated depreciation fixed asset account created as a sub account of the fixed asset.
ie
fixed assets
>> Truck
>> >> accum depreciation truck
>> computer
>> >> accum depreciation computer
etc etc
Thanks for getting in touch with the Community, Wayan Tin Maung Win.
To verify my understanding, which predefined fixed asset report are you generating? Some of them display different information. You can find detailed descriptions of each one in our Manage fixed assets using Fixed Asset Manager article.
Once I have these details, I can research further into why your depreciation/appreciation values aren't calculating and the original total isn't displaying.
I'll be looking forward to hearing back from you. Have a lovely day!
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