on 04-19-2013 12:49 PM
Dear All
We are facing an issue in Fixed Assets Depreciation calculation. In the last year of Fixed Assets, system is not following the proper depreciation calculation.
For E.g
An Asset's purchase value is 2500 and it is acquired in Oct, 2008 with 5 years useful life. Depreciation calculation method is Straight Line and normally, system should charge 41.67 per month depreciation.
For the first 4 years of this assets. system charged normal value but in the last year, the calculation changes. Last year Book value is 125 and as per per month depreciation of 41.67, this book value should be consumed in 3rd month of last year. But system is dividing 125 amount by 10 and distributed 25 in 10 months.
For some assets, it is distributing remaining book value in 12 months.
If anyone can help that why system behavior is changed in the last year of fixed asset and what logic system is using to do this.
Regards
Nabeel
Hi,
Deprecitation will be depend on:
You should check to see what method is applied for your straight line type.
Hope this helps,
TVSon
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