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Asset Depreciation key that posts catch up depreciation from prior years

Former Member
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I am currently using Depreciation Key LINR.  It will not correctly calculate depreciation expense proportionately based on straight line when using a capitalization date in a prior fiscal year.  Using LINR it will post depreciation evenly over the remaining 5 years, and only posts half as much catch-up depreciation as it shouldIs there a depreciation key that posts this catch-up deprecation correctly when using a capitalization date from a prior fiscal year?

Alexander Auer County of Santa Clara, San Jose, California

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Answers (1)

Answers (1)

former_member198650
Active Contributor
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Hi Alexander,

Can you please share screen shot of the asset in asset explorer. And also let us know how much depreciation you want to charge.

Regards,

Mukthar

Former Member
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This asset above with a 5 year or 60 period life should post enough catch-up depreciation that it should only post 1/60 of $6,000 per month or $100 for each period and as you can see from above it is posting $200 per period with the associated catch-up of $1,400

former_member198650
Active Contributor
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Hi,

Change dep.start date for the dep.area 02. Here you have selected as 01.01.2013, due to this it is calculating wrong depreciation. Change the date as 01.01.2016 and check the impact. I am guessing your financial year is July-June.

Regards,

Mukthar

ajaycwa1981
Active Contributor
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Hi Alex

Can you click on the Comparison Tab of your asset and see when the depreciation calculations ends?

You are manually changing the dep start date to a back date... So I believe, that's the issue in 2016. But I wonder, what compels you to do that?

However, it should batch up based on rem. useful life at the Start of 2017 and it should still close out by 01/01/2018

Br, Ajay M