Update the Replacement Value of an Asset​

Use FAS Transaction Codes on the FAS Direct Data Entry screen (S035) to increase or decrease the replacement value of a single asset.

  • Transaction code C02 is used to record the amount of increase to the replacement value of an asset.
  • Transaction code C03 is used to record the amount of decrease to the replacement value of an asset.

Use these codes to record how much the replacement value will be changed, not the new replacement value itself.

Calculate the change in replacement value

Begin by determining the difference in value between the existing replacement amount and the new replacement amount. The amount of that difference will be the replacement amount (RPLC AMT) to enter on the FAS Direct Data Entry screen (S035).

Change the Replacement Value on the FAS Direct Data Entry screen S035

1.        Type F at the STARS Main Menu and press the ENTER key to open the FAS Main Menu.

2.        Type 35 at the FAS Main Menu, and then press the ENTER key. This will open the FAS Direct Data Entry screen.

3.        Type A in the FUNCTION field.

4.        Type your AGENCY (agency number).

5.        Type the PROP NO (property number). This is the 10-digit number (including leading zeros, e.g., 0000015123) that matches the Property Record you want to change.

6.        Type the 2-digit COMP NO (component number).

7.        Type the 4-digit SEQ NO (sequence number - usually 0001).

8.        Type the appropriate transaction code in the FAS TC field:

    • C02 to record the amount of increase to the replacement value.
    • C03 to record the amount of decrease to the replacement value.

9.        Type the current month date in the ADT DATE field, using a mmddyyyy format.

10.    Type the amount by which the replacement value will change in the RPLC AMT field. NOTE: Do not use commas or a $ (dollar sign).

11.    Press F1 to save the changes.