Overriding Replacement Value

You can use the Override RV field in one of two ways:

• To replace Acquisition Value as the starting point for the Replacement Value calculations, or

• To replace the system's Replacement Value calculation for a specified year, after the year when the asset is placed in service.

To override the Replacement Value

1. Select the down-arrow button to the right of the Override RV field in Asset Detail, and select Yes. The system displays the Override RV window.
2. Enter an override amount in the Override Amount field, and, if you are using the RV method that applies the index to the prior year RV, enter a date in the Fiscal Year End for Override field. Select OK. The system replaces the value in the Replacement Value field in Asset Detail with the amount you entered in the Override RV window, provided that the Current Through Date field (in the book selected during the RV Setup) matches the year for which you entered the Override RV amount. If the Override Date is not within the fiscal year of the Current Through Date, you will see a message stating that Replacement Value will be updated the next time depreciation is run.

Note: If you have selected the option to apply the index to the Acquisition Value (on the RV Setup tab of the Replacement Value window), it is not necessary to enter a date for the Override RV amount.

To delete an Override RV amount, select No in the Override RV field in Asset Detail. Do not attempt to delete the override by entering zero in the Override RV amount field because this will cause Replacement Value to have a zero value.

For more information on how the system uses the override amount to calculate Replacement Value, see Calculating Replacement Value.