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Asset depreciation as per useful life and changes in companies' act

I am using AS91 to upload legacy assets. The migration of legacy assets would be in the mid of fiscal year  as on 01-Sep'14 (Fiscal year: April 2014-March 2015).

Two different uploads are being used for current year aquisitions and previous year aquisitions.

I have entered an asset with an ordinary depreciation start date of 01.05.2014 and a useful life of 5 years  and method would be straight line depreciation.

Date of Legacy Transfer/Last Closed Fiscal Year is set to 8/31/14

Last Period Posted in previous system (OAYC) is 05/2014

We plan on our first depreciation run in this company code on 09/01/14.

Calculated Accum. Depreciation (OAYF) is NOT checked.

Depreciation to the day has been checked as per requirement and smoothing has also been checked.

The issue is that depreciation values are not computed correctly and not sure if any config has been missing?

Planned.jpg (81.9 kB)
Posted.jpg (111.6 kB)
Parameters.jpg (94.8 kB)
Depreciation.jpg (58.9 kB)
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1 Answer

  • Dec 22, 2014 at 06:38 AM

    Hi Preethi,

    You have to calculate the depreciation as on 31.08.2014 and upload it in AS92. Because as your configuration the last posted depreciation 05/2014. So you have to upload the depreciation balances till that date. Otherwise system will not show correct dep.balances.

    Hope it is clear now.



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