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How can I add value to asset without extending life? Help!

Former Member
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My team and I are working on a new straight-line depreciation key. During testing we've found that if we add value to an asset in the year after acquisition, there is a depreciation adjustment in the month after the asset becomes fully depreciated. We can't have this happen becuase it has already been identified as a Sarbanes-Oxley remediation item. How do we eliminate this adjustment after the asset becomes fully depreciated?

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ajaycwa1981
Active Contributor
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Hi

I agree with Bernhard... If your depreciation is based on Rem useful Life, you wont face this issue

Br, Ajay M