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Expired useful life is calculating incorrect after changing the Ord. Dep. Start Date

Hello Experts,

At the time of legacy data transfer Ord. Dep. Start has default date 01.04.2012 for all the assets. we have changed the actual date recently on 27.05.2015 but expired useful life is not calculating as per changes done to assets. we have also changed the Dep. key as per new depreciation (WDV) method useful life, India act 2013.


Please find the below screen Ord. Dep. Start date is 22.04.2000, Useful life is 15 Years but in AW01N it's showing "Expired Useful life" is 3 Years 183 Days instead 15 Years. It is showing like all the asset master data.


Now my client wanted to calculate it automatically. How to rectify this issue. please provide the solution that if it's calculated automatically through any process or we have to change it manually like useful life of assets.





Please also note that in AS02 screen it's showing different expired useful life i.e. 2 Years unlike AW01N


Please see below screen shot of AS02. please provide the solution at earliest possible.



Regards

Avinash



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2 Answers

  • Jun 04, 2015 at 05:33 AM

    Can you provide us the screen shots of AFAMA and AFAMS for your depreciation key INWD please?

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  • Jun 04, 2015 at 06:55 AM

    Hi Avinash,

    You have changed the dep.start date after you done depreciation posting. Hence system wont consider changed date after you run depreciation. It is calculating remaining useful life as per old dep.start date i.e. 01.04.2012. Hence you have to change the useful life as per revised dep.start date and then your remaining useful life will display correctly.

    Regards,

    Mukthar

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    • Hi Avinash,

      You have to change manually or by substitution. First you calculate manually how much the remaining life of the asset as per new dep.start date. Suppose as per new dep.start date your remaining life will be 22 days only as on 01.04.2015 but as per old start date it was 12 years. So you have to change the useful life as 3 years 22 days for the asset.

      Regards,

      Mukthar