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Former Member
Apr 23, 2009 at 09:05 AM

Can we change the capitalization& use ful life of the existing asset.

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Hi,

As per my auditors suggestion we need to change the Asset useful life and capitalization date in Asset master record.

The asset was created on last year and depreciation also executed.

Can we change the capitalization date and Asset useful life from 20 years to 40 years.

Can any one please explain me what are the consequences we have to face if we change the asset useful life and capitalization date.

What are the precautions to follow.

Is it advisable to change the dates and useful life.

Pleas advise.

Thank you.