Wrong depreciation calculation

[former_member835775]

Hi,

I am having a scenario where I am having an asset which was procured in Nov. 12 for some amount, there is one more acquisition of asset in Dec. 12, now asset master is having date of Nov. as ordinary depreciation date. When I am going to calculate depreciation in Dec. 12 than it is taking the depreciation of second asset from Nov. 12 but it was acquired in Dec 12.

I am having period control as 01/01/02/02.

Please suggest what can be done?

[Marssel700]

Hi Mohit,

if you have an acquisition in Nov and Dec for same asset record you got 1st depreciation start in Nov for current amount. The procurement date is the start date.

The 2nd depreciation will be in Dec with whole amount (Nov+Dec). From there the Depreciation amount will be like this way.

regards

[former_member835775]

Hi Marssel,

Thanks for your reply. But it will not be appropriate if we have acquired an asset in Dec 12 and system is calculating depreciation from Nov 12.

Please suggest a workaround for this situation.

[Marssel700]

Hi,

What do you mean:

"I am having a scenario where I am having an asset which was procured in Nov. 12 for some amount"

What is your asset date capitalization date? Nov or dec? You can also check amounts in AB03

Regards

[Former Member]

check the ordinary depreciation start date

[former_member835775]

Capitalization date is of Nov 12.

[former_member835775]

Ordinary depreciation start date is of Nov 12.

[Former Member]

I did not understand your requirement but as per my understanding, you acquired asset in Nov ’12 and then did one more in Dec’12. Now you are asking why the system is calculating the depreciation for the second acquisition from Nov’12.  First, check your asset value date for that entry? When you are posting acquisition for the second time, it defaults the asset value date same as of the first acquisition. Reverse your entry and then again post the entry with correct asset value date and run your depreciation in test to verify.

Hope this helps.

[former_member835775]

Hi Trisha,

Thanks for your reply, but my asset value date is also in December 2012 but Depreciation is being calculated from November 2012.

If you need any other clarity than please write the same.