Changing asset value on a specific date

Question

I currently have a land asset listed in Sage (not depreciating). I would like to increase the asset value as of 12/31/2015 in order to match the value increase in our accounting program. Unfortunately, this date doesn't match any options available when making a critical depreciation change. 
 Placed-in-Service date = 6/1/11 
 Beginning Date = N/A 
 Period Close Date = 12/2012 
 Current Through Date = 2/2016 
 Other than adding a completely new asset, is there a way to change the asset value as of 12/31/2015 without impacting the value prior to that date?

Bob Mc · Accepted Answer

Depreciate only this one asset (land) to your desired date, i.e., 12/2015. Because you have the depreciation method set to NO, you can still execute depreciation on the asset and see the Current Through Date albeit grayed out. Then, change the acquisition value in your Tax book to the increased amount you intend. Once you tab out of the field, you will see a warning and you will click yes. In the dialog window that opens next, you will see that the default radio button is on the Current Through Date (which will now be 12/2015). Click yes to accept. Manually apply the book defaults to copy your new acquisition value into your other books. 
 
Finally, you will depreciate this one asset to 2/2016 to bring it back to where the asset was before you took your corrective action.

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