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Asset Depreciation key that posts catch up depreciation from prior years

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 should. Is 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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  • Posted on Jan 07, 2016 at 05:30 AM

    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

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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

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