How to change value on a fixed asset?

Ron Ricklefs · Post by **Ron Ricklefs** » Sun Jul 10, 2005 11:35 pm

A recent full physical inventory of fixtures and furnishings created a valuation of $15,000 greater than the present listing. We wish to change this value of the given asset, but have no corresponding Cr/Db to counter. How can this be done? V9

Post by **Zaphod** » Mon Jul 11, 2005 9:24 am

Normally, to adjust a balance on an asset, you can offset your fund balance (or unrestricted net assets - they're the same). If you want to account for appreciation/depreciation, then you might want to discuss with an accountant how to handle that.