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Former Member
Sep 13, 2010 at 09:52 AM

Group Asset Depreciation not calculated properly for IT depn

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Hi,

When i am creating a asset master and assigning a Group Asset to the asset master for IT depreciation

purpose the values are not calculating properly.

-- IT deprecition should be calculated 100% if it is purchased in first 6 months of the fiscal year(first half)

-- IT deprecition should be calculated 50% if it is purchased after 6 months of the fiscal year(second half)

This is only happening if the first asset in that group asset is purchased in the first half.

If the second asset in the group asset is purchased in the second half of the fiscal year then

the depreciation is calucated 100% which is wrong. It should only calculate only 50%

The vice versa is also happening i.e if the first asset is created in second half the IT depn is

calculated correctly as 50%. But if i create a second asset in the group asset in the first half of the same fiscal year

then depreciation is calculated at 50% which is wrong.

Please help in resolving the issue.

Thanks and regards

Savan