Dear Friends,
I am facing the problem in Fixed accounting module. During retirement of partial quantity, accumulated depreciation computation was incorrect compare to manual calculations and System calculation. Kindly see the below two example case.
QTY Amount Per Unit
Acq. Value 5 14000 280
Scrap Value 5 675 135
Acc.Dep as on Nov 5 -547.24 109.44
Useful Life 15 Years
Capitalisation Date: 21-03-2007
Straight Line method
Scenarios#1: Retirement of 1Qty out of 5 Qty - Acc.Dep Computation was correct
System posted below entry. Where accumulated depreciation were calculated correctly as 109.44 for 1qty of retirement.
System Posted Amt Manual Calculation
Credit - Cost 280- (1400/5Qty x 1Qty = 280) --> Correct
Debit - Acc. Dep 109.44 (547/5Qty x 1Qty = 280) --> Correct
Debit - Disposal 170.55
Scenarios#2: Retirement of 2Qty out of 5 Qty - Acc.Dep Computation was incorrect
System posted below entry. Where accumulated depreciation was calculated incorrectly as 382.24 for 2qty of retirement.
System Posted Amt Manual Calculation
Credit - Cost 560- (1400/5Qty x 2Qty = 560) --> Correct
Debit - Acc. Dep 382.24 (547/5Qty x 2Qty = 218.88) --> Incorrect
Debit - Disposal 177.76
Now, for scenario#2 accumulated depreciation was calculated wrongly when compare to manual calculation. Kindly anyone can help if you come across this scenarios.
Regards,
Santosh
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