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The task is divided into three areas Processing of Asset Cards for Contracts / Financed Objects:

Posting the First Salvage Value

If it is enabled to post Salvage Value in the Post Residual Value field in Fixed Asset Setup, the task first checks whether the Contract Extension field = No. Subsequently, he checks whether there is a FA Ledger Entries with FA Postin Type = Salvage Value for the depreciation book for the given asset card.

If no such item is found and the contract is not automatically extended (i.e., it is not a contract in Informal), the job suggests a line to post the first Salvage Value in the Fixed Asset Journal with the same amount as in the Residual Value Calculated field of the Financing Contract.

Posting the Change in Salvage Value and Recording the Change in Depreciation Period (POH)

To check for changes in POH and RV, the task sets a filter for active (not accounted for and not blocked) asset cards that have a value in the field STOCK = No. When a non-conformance is found at the WMP, the task enters the current data from the contract on the asset card. In addition, the task of finding the difference between the RV on the asset card and the RV on the Financing Contract will calculate the difference and suggest lines for posting the change in the RV in the fixed asset journal. If the posting date falls within a closed accounting period, the date is shifted to the first day of the open accounting period.

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The task can be found and run from the following locations:

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