This forum entry will describe the General Ledger Journal Entry that is created when activities are performed in Link Asset management system.

The following steps were taken in this exercise:

1. SS200 Initial Cost 10000 01/01/2011 Depreciate to 31/12/2011
2. Depreciate Jan and Feb 2012
3. Addition 1000 in March 2012
4. Adjustment 1100 on March 12th 2012
5. Negative Adjustment -300 on March 14th 2012 + Depreciate
6. Impairment 400 on April 10th 2012
7. Impairment -500 on April 12th 2012
8. Revalue 3000 on April 14th 2012
9. Revalue -1000 on April 16th 2012 + depreciate April 2012
10. Partial Disposal 3000 10/05/2012 Removal: 100 Proceed: 5000
11. Depreciate May 2012
12. Manual Depreciation June 2012
13. Disposal 10th July Removal: 200 Proceed: 4000

The results of this exercise is shown below: