Hi all,
In depreciation key Z010, cut off value key defined as MSE for scarp value 10%.
As per this key, Depreciation should be stop once asset reached at 90% of acquisition value/APC value.
In normal cases it is working fine but in some cases, it does not follow cut off key rule while doing depreciation calculation. In such cases, system charges depreciation more than 90% and as per Comparison tab in Asset explore, asset get depreciate 100% in future years.
Normal case –
Asset No. 205050000013 0
APC value - 17,624.00
Acc. Depreciation - 13,510.56
Depreciation charged till FY 2032 and it will stop charging depreciation after 2032 as scarp value remain 10%.
Error asset –
Asset No. 205070001427 1
APC value - 996,127.96
Acc. Depreciation - 8, 96,515.34
Depreciation charged till 31.03.2016 - 90%
As per FY 2017-18, system calculates depreciation on that asset 3984.50 p.a. till its value get exhaust Zero.
Please guide on this matter.
Thanks & Regards,
Manjusha c.