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Former Member
Aug 28, 2008 at 08:36 PM

Depreciation Calculation When the Useful Life is Changed on an Asset

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We are using ERP 5.0. We are wanting to change the useful life on some of our existing assets that are using straight-line depreciation. When the useful life was changed (extended from 5 to 7 years), it appears that the new yearly depreciation value is calculated by dividing the aquisition value by the new useful life value. We were expecting (and wanting) the new depreciation value to be calculated by dividing the current net book value by the remaining life based on the new useful life value. Are there configuration options available that could be done to calculate the new depreciation rate based on the net book value/remaining life?

Thanks,

Sandra