Need help on one asset issue where there is change in useful life of asset.
Orginal useful life: 4 years
Expired useful life at 2011 FY start:1 yr 1 month
NBV as on P7/2011- 10000
Now business wants to reduce total useful life to 2 years 3 months.
And wants system to calculate depreciation on current NBV/remaining useful life without having any implication on prior periods.
This is not possible in SL method so I tried to change depreciation key.
But system is recalculating depreciation for P1 to P7/2011 and posting difference in P8/2011 resulting in very large depreciation amount for P8 which is not acceptable.
Smoothing option will also not work as I donu2019t want to considered prior periods depreciation at all.
How to achieve depreciation calculation as:
Current NBV/Remaining useful life
Urgent help required on this issue as we are nearing our P8 close and want to complete this before 28th.