dep. on asset

[former_member600294]

Hi sejal

In the year 2006 asset purchased & charged with 100% rate of dep. wrongly.But in the year 2007 some capital exp. incurred for that asset & charged to that asset.Now we want to charge dep@19% on that asset from retrospective effect i.e from year 2006.& run the dep for the year 2007.I have tried it by changing the dep key in asset master.but it is not calculating the dep at 19%.

Pl. advice how to do this

Thanks

shivaji

[Former Member · Accepted solution]

Dear members of forum,

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Best regards

Horst

[Former Member]

HIi

When u change the depreciation key it will recalculate latest year depreciation only.. it will not do for precious year that is 2007.

if u select the repeat run it will just repeat the depreciation for the last period and not the last year..

If u have not closed the books of accounts for f.y 2007 than the option available is u can go for manual depreciation.

hope this helps u.

reward points if helpful

sejal

[Former Member]

Hi Sivaji,

Make sure that you have selected REPEAT radio button under reason for posting run while doing depreciation run(AFAB).

Try it.

Assign points if useful

Thanks

mani