Skip to Content
0
Former Member
Nov 25, 2009 at 11:44 PM

Fixed Assets Immediate Wite off

115 Views

The end of our Financial period is Dec and we are tying to fully depreciate several items in November.

To achieve this , we have set the depreciation type of each asset to LVA- Immediate write off. What we have found, is that when running the Deprectaion run for Novermber, the items are depreciated at 1/2 of the NPV. Leaving a remanding NPV value of 1/2. Example as below

NVP at start of Nov $100

Depreciation in Nov $50

NVP at start of DEC $50

We require the asset to be fully depreciated in November. How can we achieve this?

Thanks in advance Lisa