Description of Issue

User is unable to modify LTD Depreciation with an Adjust Asset Values transaction due to an error

Current Book Value cannot be negative

Context

Capital Assets

Cause

Faconvrt utility was run with incorrect value in depreciation Periods taken field, which caused asset values to become negative

Resolution

In Adjustments & Retirements, pull up the asset's transaction history to confirm the periods of depreciation taken during the faconvrt process.
Navigate to the Depreciation Reversal program and reverse any depreciation that was incorrectly entered when faconvrt was run.
1. For instructions on how to reverse depreciation, refer to How to reverse depreciation
After reversing depreciation, in Adjustments & Retirements, select Transactions and click Adjust Asset Values
Click Update
Using the Change field, make adjustments for SOY value and Acquisition cost
Enter the Effective date for the transaction
Select Output/Post

Additional Information

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