Skip to Content
author's profile photo Former Member
Former Member

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

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • 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.



    Add a comment
    10|10000 characters needed characters exceeded

    • 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

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.