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ABAVN- Computation of Acc.Depreciation was incorrect during Partial quantity of retirement

Nov 16, 2016 at 03:42 AM

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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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