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Asset Impairment

Last post 02-27-2009 8:36 AM by Jennifer Maroney. 1 replies.
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  • 02-20-2009 1:57 PM

    • Megan Maurer
    • Not Ranked
    • Posts 6
    • Organization: International Justice Mission

    Asset Impairment

    Reply Contact

    Hi -

    We are having problems knowing how to record asset impairments, do you have any solutions?

    Megan

  • 02-27-2009 8:36 AM In reply to

    • Jennifer Maroney
    • Top 25 Contributor
    • User Since: 2004
    • Posts 316
    • Products:  Accounting for Nonprofits, Admissions and Registrar's Office 6, Blackbaud Student Information System, The Education Edge, The Financial Edge, Blackbaud FundWare

    Re: Asset Impairment

    Reply Contact

    Currently, there isn't a way to decrease the book value of an asset in FE; however, a suggestion has been filed to add this asset transaction type.  A way to get around it is to dispose of the asset and then create a new asset record for the lower value.   Take a look at Knowledgebase solution BB537266 for the suggestion and links to dispose of the asset and recreate it.  I hope this helps.
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