How to Revaluate an Asset?

Asset Revaluation updates an asset’s book value to reflect its current fair value adjusting for market changes, upgrades, or impairment. In DreamzCMMS, a revaluation entry records the new value, reason, effective date, approvers, and supporting documents, and it recalculates depreciation from the revaluation date. This keeps your register accurate, audit-ready, and aligned with finance/GL policies.

Follow these steps to revaluate the assets:

1. From the menu click on Assets and then click on Equipment.

2. From the equipment list, choose an asset that you want to revaluate and click on View.

3. Go to the Financials tab, you will find a Revaluate button, click on it.

4. Upon clicking, you will see a pop-up from where you can set the revaluated amount and extended life span and then click on Save.