The objective of Conquest Asset Valuation is to be able to know the valuation status of any Asset at any point in time as well as the valuation movements over time that have resulted in the current valuation status.
There are a number of key valuation elements that Conquest uses to determine valuation status. Database column names that store a key valuation element are shown in parentheses.
The Valuation Elements are:
•Last valuation (Value)
•Additions since last the valuation (AccumCapitalWorks), referred to as ACW (Accumulated Capital Works value)
•Accumulated depreciation (AccumDepreciation)
•Asset valuation status date or date of last transaction (LastTranDate)
•Residual Value is the predicted value of an Asset (ResVal), when it reaches the end of its life. The Asset will Depreciate until it reaches this value and will then be fully depreciated.