Fixed assets - depreciation appears as negative when asset still active with positive net value
Fixed assets - depreciation appears as negative when asset still active with positive net value
Hello
Is it possible the Asset Useful Life changed? In this example, I changed the Useful Life of a partially depreciated asset from 10 years to 20 years. Show Accurate Depreciation is checked ON in FA Preferences screen.
Next I calculated depreciation for the asset and the Depreciation History tab shows negative depreciation because Acumatica will correct past over-depreciation in the next month.
If the example does not answer your question, please show us more details about your asset including Depreciation History tab. Thank you.
Laura
No changes was recently done to the useful life and I checked the formula and also the depreciation history, I can’t find nothing wrong
Reply
Enter your username or e-mail address. We'll send you an e-mail with instructions to reset your password.