Request received from customer via G2343578.
“Can you please tell me how to recording ARO adjustments and depreciation?
We have a requirement to review/adjust the valuation of our ARO liabilities on a quarterly basis and to record depreciation on the new adjusted value. It is possible to do an acquisition value adjustment per book on the ARO object to account for the valuation adjustment, but the entry is currently booked as follows: DR ARO asset and CR Fixed Asset Clearing. Is there a way for the system to book the credit directly to the ARO liability account? Would it be as simple as creating a new "ARO Adjustment" transaction reason and adding this to the FAP 39/41 and FAP 47/48 with the ARO liability account defined for these?
Thanks,
Monique”