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[sap-acct] Asset Revaluation for a Car

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Question from BenKish on Jun 20 at 6:07 AM
Kindly advise on how I will post the new revalued figure for a car that was bought in the year 2008 at cost Khs. 1,709,810.35 and as at 2016 accumulated depreciation was Khs. 1,709,810.35 and was revalued at Kshs. 1,200,000 in the same year 2016. How do you account for residual value of an asset (Motor vehicle) after the asset reaches its useful life but it's still being used?
 
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