1.In our client, SMACRS depreciation was never activated and infact that area was deleted.
2. Now the client wants to create this depreciation area.
3. If this new depreciation area is created what will happen to the old assets? We have assets in the system since 1998. Can we make the depreciation calculations applicable to these old assets also by changing the depreciation keys? Will these calculations be correct?
4. Any one has done similar exercise?
Your valuable inputs are highly appreciated.