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Former Member
Sep 26, 2006 at 08:25 AM

Asset Depriciation


Hi All,

This is with reference to my posted question on Asset Depriciation few days back...

1. 01.01.2006 - to cutover date

2. prior to 01.01.2006

The system is taking the depreciation as at end of 31.12.2005 and calculating dep again for 01.01.2006 till date. Which mean there will be double depreciation.

i got a response for this question suggesting me to check ( Check Legacy data transfer) ..i checked the same and found that "Transfer Date" Take Over date is 26.06.2006....

I wanted to ask this the correct date or do I have to give 31.12.2006..please advise