on 01-06-2016 11:04 PM
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
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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