Hi All,
The Change Net Value Option provided by IFS enables the Net Book Value to be modified in the event that the asset's useful life or salvage value changes after the initial acquisition.
In this instance, the user should manually calculate and enter the Net Value for the retrospective transactions. If the life or salvage value changes after the acquisition, is there another way we can automatically calculate the carrying value rather than Change Net Value option? I would appreciate your advice on this.
Best Regards,
Theja