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Former Member

Need Clarification of Depreciation Calculation while Scrapping the Asset

Dear Experts,

My Client wants to Scrap an Asset on 30th April 2017, and the Depreciation for that period should be calculated for 30 days, but instead the system is calculating Depreciation only for 29 days.

For reference find below attached Screenshot of the Asset and the Calculation:

Planned Values of April 2017:

Below is the attached Screenshot of the Scrapping Transaction:

Where Depreciation is only calculating for 29 days, i:e till 29th April 2017

Correct Values for Depreciation:

Amount of Depreciation should be - 16.88 instead of 16.81

Loss/Gain on Sale-FA - 121.92 instead of 121.99

Depreciation is based on Straight Line Method.

It will be a great help if you guide me about this.

Thanks and Regards

planned-values.png (58.1 kB)
comparison.png (64.2 kB)
scrapping.png (37.6 kB)
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1 Answer

  • Apr 16 at 04:21 PM

    Hi Shantanu,

    Please check the below OSS Note for your issue.

    1362365 - New deprectn clcltn: Fixd asset retirmnt w/ daily depreciatn

    Thanks,

    NSK

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