Process Replacement Cost

The Process Replacement Cost option calculates the new replacement costs for the upcoming year for the assets in Fixed Asset Inventory.  If needed, the Process Replacement Cost option can also catch up and calculate the replacement costs from the time the assets were purchased up to and including the current fiscal year (as based on the Processing Month for the batch).  To calculate the new replacement cost for an asset, the system multiplies the current replacement cost by the replacement cost change factor (once per year).

Once the replacement costs are processed, the asset records in the Asset File Maintenance option are updated to reflect the new replacement cost.

Steps to Process Replacement Cost