Replace FA Object

Explanation

This activity is used to replace a fixed asset with another one.

Prerequisites

Before you replace an object, the following must have been completed:

• The object to be replaced must be fully depreciated up to and including the replace date.
• The object to be replaced must have Active status.

System Effects

As a result of this activity,

• A new object is created and the old object receives the status Replaced.
• The new object will have the same calculation index as the old object. The calculation index of the new object can be modified or removed altogether.
• A voucher is also created and transferred to the hold table in IFS/Accounting Rules.

Window

Object

Related Window Descriptions

Object

Procedure

Use the following procedure to replace a fixed asset:

1. Check that the object you want to replace is depreciated up to and including the replacement date.
2. Select the Replace Object operation in Object or Overview Objects.
3. Modify values displayed in the Replace Date, Voucher Date, User Group and Voucher Date fields if required.
4. Enter an ID for the new object in the New Object field. (Note: The object ID will be automatically generated if an object series ID is connected to the object group. An automatically generated object ID can be modified if required.)
5. Enter a description for the new object.