Accounting requirements require some assets to revalue to loss due to actual reduction in capacities or damage to assets. As such these asset value should be revalue down which is deemed to be impairment.
In this instance, both costs and its current depreciation which be adjusted accordingly. What function can we use to carry such function? Can we use Revaluation of Fixed Assets? Or Just standard Fixed Asset Journals?
I do notice there is posting profile for these adjustment value of fixed assets but I am not sure which function it's related to this posting profile.