Fixed Asset Accounts

Unlike cash accounts, fixed-asset accounts rely on additions and retirements, so Currency Translator adjusts them differently. For example, Goodwill:

Goodwill =

Goodwill (prior period)

+ Additions to goodwill

- Amortization of goodwill

Currency Translator adjusts it:

Adjustment to Goodwill =

Goodwill

- Goodwill (prior period)

- Additions to goodwill

+ Amortization of goodwill

The Goodwill adjustment value is stored in the Adjustment to Goodwill (v2400.4.000) account.

Currency Translator adjusts the other fixed-asset accounts as follows: