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Former Member

Depreciation Calculation based on Asset Capitalization Date

Hi,

Overview:

In our current Scenario, Asset Capitalization date is Previous year date say 01.02.2006 when the asset was actually put to use.

But due to some reasons, asset was actually settled/created on say 1.09.2008 ie.First Aquistion Date.

Issue:

System considers the value date as 01.09.08 as the asset was posted on this date(which is correct in normal practice) and calculate depreciation from 01.09.2008 but we want to have depreciation calculation based on the asset capitalization date i,.e.back dated from 01.02.06

How can we do this?

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2 Answers

  • Oct 20, 2008 at 01:20 PM

    Hi,

    a) When creating the asset ensure that the box "Post-Capitalization" is ticked.

    b) Post the capitalization with Transaction ABNAN

    This will then post DR APC

    CR Accum Dep (value for Prior years)

    CR offset account (NBV at beginning of current year)

    Kind regards

    Edited by: Dominic Holdstock on Oct 20, 2008 3:20 PM

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  • Oct 20, 2008 at 05:01 PM

    wrong forum

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