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Oct 05, 2013 at 11:37 AM

Asset Rettirement entries

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Hi Frds,

I have one doubt on asset retirement.

1.The asset purchased on 01.11.2012 the worth of 6865.25,In that year deprication posted 381.40 asset balance 6483.85.

2. Second year 2013 untill month depreciation posted 1716.31 but this year planned depriciation is 2288.42.

3.Every month we are posting depriciation is 190.70

3.When i am rettring the asset 3000 that means loss of value.The entry shoould come on

01 Customer 3000.00

50 Asset Sale/Disp-Clr 3000.00 -

75 Asset 6865.25 -

70 Depriciation 2097.71

40 Asset Sale/Disp-Clr 3000.00

40 Loss Sale/Disp 1767.54

But system posting like this

01 Customer 3000.00

50 Asset Sale/Disp-Clr 3000.00 -

75 Asset 6865.25 -

70 Depriciation 2288.41

40 Asset Sale/Disp-Clr 3000.00

40 Loss Sale/Disp 1576.84

the problem is system is picking 10month depriciation also. I am giving posting date(30.09.2013) and asset value date same as posting date(.Can anybody assit how system is behaving like this.

Thanks In advance.

Srinivas.