Skip to Content
0
Oct 07, 2020 at 08:08 AM

Depreciation for legacy assets

94 Views

Hi, When I create a legacy asset the depreciation for the current year is shown as all periods instead of the period defined in the legacy asset transfer settings. Refer to the attached screenshot. Our golive data is Sept 2020. So when I create a legacy asset I expect the system to post depreciation from Jan 2020 to Sept 2020 in Sept 2020. However the system is calculating depreciation from Jan 2020. We have done this in a different system and it works as expected in the other system. But here its calculated for all months of 2020 instead of cumulative depreciation in Sepptember. Refer to the attached screenshot.