on 06-03-2009 10:05 AM
Hi,
My company used a depreciation key to depreciate asset on a daily basis.
Under the AS03, depn tab, the useful life is indicated as 10 years, 8 mths / period. Depreciation start date 13.04.2007. Capitalized date also 13.04.2007.
When clicked on "asset values", under the "parameters" tab, the remaining life calculation is wrong.
In fiscal year 2009,
useful life is 010 years 008
Expired usefile life is 001 263
remaining life is 008 yrs 110.
Why has it turned into days instead of months ? Can I change this ? I want it to be consistent. It should either be in days or in periods. Or else the remaining life calculation will be wrong.
Now when add the expired life & remainining life, it is not equal to useful life. It has become 373 days (110 + 263). Is that column is days or periods ?
Will the remaining life show in the system affect my depreciation calculation if I changed my depreciation key to "NBV over remaining life" ?
Please help and advise.
Thanks.
Angel
Hi,
this is the design of daily depreciation. The useful life itself is still maintained in years and periods, whereas the expired and remaining useful life calculates partially in days.
Regards,
Markus
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
In the most cases they turned this on without to know what it is doing. When you use this it give a lot of restrictions. In some counties you need to use this for tax reason.
See the help behind the field what it is doing, for excising assets it no longer possible to change them!
Depreciation calculation to exact day
Specifies that the system calculates depreciation to the day.
Use
Any period control methods entered in the depreciation key are ignored for the entire useful life of the asset. This applies to all transactions (acquisitions, retirements, and transfers). The system always uses the asset value date as the depreciation start date.
The "depreciation to the day" function becomes active for an asset as soon as the asset has a corresponding depreciation key and the asset is capitalized (posted to). Once this takes place, it is no longer possible to switch off this function for the asset, even if you change the depreciation key. On the other hand, it is not possible to activate this function for an asset after it has already been capitalized using a different depreciation key.
User | Count |
---|---|
99 | |
12 | |
11 | |
6 | |
6 | |
4 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.