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Former Member

Depreciation Start date diff taking in the year2007-08 and2008-09

Dear Seniors,

In my client for assets depreciation start date system treating as:

1.For the Fiscal Year 2007-08

if they purchased between date 1 to 15, depreciation start date was as in that month 1st.

if they purchased between date 16th to 30/31, depreciation start date

system has taken and depreciation calculated from next month 1st.

(FI Key User told at the time of Implementation ,Blue Print preparation

they finalized this method only)

But in the

2.Fiscal year 2008-09

When ever they purchased, system has taken depreciation start date as, in that month 1st(from that month begin).

Issue is:

1.Can any one explain for the below point.

Why the system taking depreciation start date

In different way in 2007-08, 2008-09

2. Now Client asking for 2008-09 fiscal year all assets, depreciation start date change into as Asset put date(asset purchase date).

Can we change for 2008-09 fiscal year as per client requirement?

(dep start date as asset put date for all assets)

(Note: Depreciation not yet run for the fiscal year 2008-09)

If it is possible please guide me.

Thanks in Adv.

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1 Answer

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    Former Member
    Jul 12, 2009 at 05:33 PM

    Check the period control of the depreciation for additions to the asset. The period control might be period start date for additions to the asset.

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