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Question

Fixed Asset Depreciation


We are importing assets from existing software to MYOB Acumatica. Once converted, it recalculate the depreciation and some of the assets still carry the net book value even though the asset has fully depreciated.

For example:

This cash draw bough in Oct 2018 with the useful life of 5 years (20%).It should be fully deprecated in Oct 2023 (period 4-2024), however in this case this asset still has a net value of $18.98?

 

 

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