Field

Purpose

Value By

Choose one of three options by which to value filtered Assets:

•      Replacement Value sets; the value of the Asset to the current replacement cost, the accumulated capital works to 0 and the accumulated depreciation to 0.

•      Age sets; the value of the Asset to the current replacement cost and the accumulated capital works to 0. 

Accumulated depreciation will be calculated based on the age of the Asset and its remaining useful life.  The age of the Asset is determined by the difference in years between the Valuation Date and Date Created.

•      Condition sets; the value of the Asset to the current replacement cost and the accumulated capital works to 0. 

Accumulated depreciation will be calculated based on the condition of the Asset, where the condition is assumed to have been assessed on the Valuation Date.

•      Condition at Inspection Date (the preferred option) sets; the value of the Asset to the current replacement cost and the accumulated capital works to 0. 

Accumulated depreciation will be calculated based on the condition of the Asset, where the condition is assumed to have been assessed on the Inspection Date.

Limit adjustment in accumulated depreciation to the proportional adjustment in capital value

This option is to remove the possibility of large write-backs of Depreciation, which may occur when changing from Age to Condition based Valuation or, when there has been a significant re-adjustment of Condition.

When this option is selected, the Batch Valuation function will ensure that the change in Written Down Value after Revaluation, is proportionally no greater than the change in Capital Value of the Asset, in the following circumstances:

•      The Asset has been revalued previously

•      There has been an increase in rates

•      There have been no additions since the previous revaluation (i.e. the Accumulated Capital Works is zero)

Depreciate from Children’s Age / Condition

Selecting this checkbox will ensure that the specified Assets to be valued will use the assigned child Asset’s ratings rather than their own.  This would only be used for Assets that have been specified as Value by Children

Process Outstanding Depreciation prior to valuation

Checking this option will process any outstanding Depreciation prior to running the Valuation then create a new depreciation transaction.

Batch Valuation Description

The description of this specific Valuation calculation.  It should clearly describe the Valuation so that it can easily be identified if a roll back is later required.

Valuation Date

This is the date on which the valuations are calculated.

Valued By

A record of who is performing the valuation. This defaults to the current logged in user.

Valuation Filter

This shows the filter name to be used for this calculation.  To create or edit filters click the Filter button.