Skip to Content
0
Former Member
Oct 13, 2014 at 07:32 AM

New depreciation rates to be applied and calculated for assets with Retrospective effect

27 Views

Dear Experts,

My client wants to change the depreciation rate from old to new rate and post depreciation for the current fiscal year.

The depreciation has been run for 2013 fiscal year and the new rates has been applied to all depreciation keys to be calculated for the new year.

We have changed the depreciation keys and the planned values are calculated correctly for the current year with new rates.

When they run the recalculate depreciation the system posts the difference value in the last fiscal year. But the client wants the rates to be updated in the current fiscal year.

Their requirement is to run the new depreciation with retrospective effect so that the new rate is applicable from date of asset acquisition which includes previous years. How to recalculate depreciation and apply the new rate retrospectively for all years beginning from the date of acquisition.

Kindly provide your valuable inputs on this issue.

Regards

Ramprasath Iyer