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Former Member
Jan 24, 2016 at 07:19 AM

asset useful life change


Hello all,

Our client requirement is , they want to change the all Assets useful life, so the changes should effect from Jan-2016 (their calendar year is jan-dec).

In their system closed asset year is 2014(OAAQ).

So, if we change the useful life now in 2016-jan, even though depreciation posted till 2015-december, as I know once we change useful life, system recalculates depreciation and the changes will effect in 2015 December as planned depreciation(due to asset fiscal year is open 2015).

I guess only solution is , we need to close 2015 Asset fiscal year to effect the changes from 2016-jan. (with out effect the new depreciation in 2015).

Kindly share your thoughts..

Thanks in advance..