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Low value asset depreciate monthly


It was noted that the asset create under low value asset asset class depreciate monthly in asset explorer.

The used depreciate key is GWG which is configure for low value asset. But in asset balance, the asset had been depreciate fully.

Please advice why the problem occur.

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  • Best Answer
    Posted on Aug 12, 2008 at 10:00 AM


    you should check if you activated "smoothing" in OAYR. In this case the depreciation run as well as the posted period value calculation in the Asset Explorer will depreciate the asset using this functionality.

    You can find more information about smoothing [here|] and [here in a graph|].

    Reporting will always calculate the depreciation according to the catch-up method, because this is the correct calculated depreciation. Keep in mind that smoothing is a functionality how to distribute the values to the posting periods, but has nothing to do with calculation of planned depreciation.



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