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This text refers to program version 4.2  

Revaluate Asset Acquisition Value - Inflation Coefficients

The Inflation Coefficients setting provides an alternative method of defining the formulae to be used in calculating the new value of each Asset. It will be used in Russia where Assets can be revalued using official rates to compensate for inflation.

An Inflation Coefficient can only be used together with a Revaluation Factor, it cannot be used instead of a Revaluation Factor. The 'Revaluate Asset Acquisition Value' Maintenance function will have no effect if there are no Revaluation Factors, but it will operate correctly if there are no Inflation Coefficients. If you want to change the value of your Assets using an Inflation Coefficient only and therefore want your Revaluation Factor to have no effect, enter a Rate of 1 in the Revaluation Factor.

Users in Portugal should also enter records in the Inflation Coefficients setting. Inflation Coefficients are not used by the 'Revaluate Maintenance Acquisition Value' Maintenance function in Portugal, but they are used in the Fiscal Year Write-offs report.

To enter an Inflation Coefficient, open the 'Settings' list in the Assets module and double-click 'Inflation Coefficients'. The 'Inflation Coefficients: Browse' window is opened, showing Inflation Coefficients already entered. Click [New] in the Button Bar or use the Ctrl-N (Windows and Linux) or ⌘-N (Macintosh) keyboard shortcut. The 'Inflation Coefficient: New' window is opened.

Valid from

Paste Special    Choose date

Enter the date on which the Inflation Coefficient takes effect.

Comment

Any comment.

Use the grid to specify how the value of each Asset is to be recalculated, depending on its Purchase Date. At least one row of the grid should be completed.

Date

Any Asset whose Purchase Date falls on or after this date will be revalued using the Coeff. specified in the field on the right.

Coeff.

When each Asset is revalued using the Russian model, its Purchase Value will be multiplied by the Coefficient specified here.

For example, if the Purchase Value of an Asset is 50000 and the Coeff. is 2, the Starting Value of that Asset in the new Revaluation record will be 50000 x 2 = 100000.

If you want the Starting Value in the Revaluation to be less than the original Purchase Value, use a Coeff. that is less than 1.

If the Rate in the relevant Revaluation Factor is not 1, then the original value of each Asset will be multiplied both by this Coeff. and the Rate in the Revaluation Factor record. If you want to use this Coeff. only, make sure you have set the Rate in all Revaluation Factor records to 1.

When you run the 'Revaluate Asset Acquisition Value' Maintenance function, you will be able to choose whether the Coeff. is to be applied to the original Purchase Value of an Asset, or to the Starting Value in the most recent previous Revaluation.

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