Implementing Asset History

When an Asset is added, Protheus automatically calculates the current value of an asset acquired before 01/01/1996. This way, when an asset with acquisition date prior to 01/01/1996 is added, the system calculates the current amount, converting the amount entered, according to bulletin IOB - Income Tax and Corporate Legislation No. 49/1998.

Conversion is made as follows:

For assets acquired till 01/31/1989 (including):

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For assets acquired after 01/31/1989:

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To make the conversion, the system creates the table ATFCOE.DBF in the \SYSTEM directory, with the conversion factors and indexes that must be used. This table has the following structure:

The final factor date refers to the last day of the period in which this factor can be used, for example:

In 1977, the factor is 187.00 for the first quarter; the final date will be 03/31/1977. In 1980, the factor is 487.83 for January and the final date will be 01/31/1980.

The system locates the next acquisition date that is closest to the date of acquisition or the acquisition date itself, in the Conversion Factors File and then, applies the formula to find the current value of the asset in Reais.

Example: If the asset was acquired on 01/04/1988, the system finds 31/01/1988 in the factors file and makes the conversion with the factor of Jan/1988, which is 596.94, finding the value in Reais.

Suppose an asset acquired on 01/04/1988 for Cz$ 1,790,820.00. Its value in Reais will be:

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Value in UFIR = 20,760.00

Value in Reais = 20,760.00 x 0.8287

Value in Reais = R$ 17,203.81