Reversal of Manual Revaluation 
Reversal of Manual Revaluation
Use
When you reverse a manual revaluation, the system does not reset the last revaluation date in the asset master. That means that despite the fact that you have reversed the revaluation, the Asset Revaluation (Inflation) program still assumes that the asset has been revaluated for the interval and will not revaluate it.
Assume that in June you manually revaluate an asset worth UNI 25,000 by UNI 1,000; the system sets the asset's last revaluation date to 30 June. A few days later, you realize that you have revaluated the wrong asset, and reverse the manual revaluation. However, the system does not change the last revaluation date.
When at the end of the interval (that is, on 30 June) you come to run the Asset Revaluation (Inflation) program, the program incorrectly assumes that the asset has already been revaluated and does not attempt to revaluate it again, leaving a discrepancy in the accounts.
Activities
You can get around this by posting the revaluation for the interval manually.
Alternatively, if you work with
revaluation difference areas (see Manual Revaluation and the Asset Revaluation (Inflation) Program), you can activate a function that overrides this. You can do so in Customizing for Financial Accounting (FI), by choosing Asset Accounting ® Special Valuation ® Revaluation of Fixed Assets ® Revaluation for the Balance Sheet ® Inflation Accounting ® Revaluation Areas ® Define Base Depreciation Areas and selecting No zeros.