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Changing depreciation key of existing assets

Former Member
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Hello all,

I have a question regarding changing depreciation key of existing assets. We have depreciation area 10 set up for tax depreciation which includes special depreciation. A custom depreciation key was created to meet this requirement (Z200 - declining balance with special depreciation).

The tax department would like to change the asset by reverting back to the normal depreciation calculation (M200 - declining balance, no special depreciation). However, when I changed the depreciation key back to M200, the special depreciation amount still shows up in asset explorer and reports. I tried to re-calculate asset value and the special depreciation amount remains in the asset.

Any idea how to remove the special depreciation?

Thanks,

Cassandra

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Normal and special depreciation are 2 differerent rules in an depreciation key. When you change it to a normal depreciation rule it don't look to the special one. When you changed the depreciation key you had a message better not to do this. In 99% of the cases it is no problem but in this case....

Try to create a new depreciation rule with a normal depreciation and a special depreciation withhout depreciation. It will never correct values in the old fisal years.

Do this first in the test system before make changes in the production system and see if you get the correct values

Answers (1)

Answers (1)

Former Member
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Hi Paul,

Thanks for your response. I will give it a try.

Best regards,

Cassandra