Insurance/Warranty

Insurance company

In this field you can enter the insurance company's supplier number from the supplier register.

Warranty expires

Here you can enter on what date the warranty time ends.

Replacement cost

You here enter the cost of replacement for the fixed asset. It should be entered in the company currency. Replacement cost means the market value at the time of the calculation, of a corresponding new fixed asset with additions for installation costs, etc. When you register the fixed asset you mostly enter the same amount as the acquisition value in this field. The replacement cost is of importance mainly if the calculated depreciation is based on the replacement value. It is especially motivated to use the replacement cost as a basis, when changes in prices and monetary value are occurring. Replacement cost adjustment can be performed continuously, if the fixed asset's market value, etc. is changed. Such an index correction is most easily made in the Fixed assets list procedure.