Dear Members,
I have a spreadsheet that I use to track cost and depreciation expense for assets placed in service. The user selects an Item ID from the inventory drop down list, then assigns it an internally generated serial number. The item description and corresponding cost fields are autofilled using a Vlookup formula. Once this new item is saved, the spreadsheet starts calculating monthly depreciation expense. My problem is this, annually I update the Item ID list which may change the cost for some of the items put into service during prior years. For example: if in year one the cost of an item is $8,400.00. In year two the the company's new cost for this item may be $10,000.00.
Question: How do I keep the original cost for the item from year one in the cell, $8,400.00, when the value in the inventory table, that the Vlookup formula references, gets update to the new value of $10,000.00 in year two? I'm using the following code to keep date previously entered from being changed after the data is entered and saved:
Thank you in advance for any help you can provide!
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