Skip to Content
Former Member
Mar 29, 2015 at 08:27 PM

Fixed assets, inconsistency between useful life and remaining life


Hi all, I have a case to solve on Fixed Assets.

Item No.: IM-MO-ES-2.2

Fiscal Year: 2014

Capitalization Date: 01/01/2014

Depreciation Start Date: 01/01/2014

Useful Life (Months): 36

Remaining Life (Months): 2

Acquisition and Production Costs: USD 135.52

Planned Depreciation: 4.00 (rounded)

The case is that the Fixed Assets should only depreciate two months and can not change the Useful Life to 2 months, the error is displayed:

Specified useful life causes remaining life to become zero or negative; re-enter useful life

The minimum value that the field allows Useful Life is 35 months.

For fiscal year 2014 the correct information must be:

Useful Life (Months): 2

Remaining Life (Months): 2

Master Data Asset loaded with tool "Import Fixed Asset Master Data from Microsoft Excel"

The Fixed Assets has depreciations automatic (Depreciation Run)

There are many fixed assets in this same situation. How I can assign the correct Useful Life to the Fixed Assets?

Master Data:

Thank you very much for your answers.


FA.png (37.7 kB)