We have several assets with NBV of $0.00 and beyond the end of Useful Life, but the status of the asset is still Active, while the status on the Balance tab shows Fully Depreciated. See below:
How do we get the statuses to synch up? This is not the case with all assets with no NBV.
Thanks.
Best answer by JohnMichels
I have run into this problem with migration of fully depreciated assets during FA module implementation. I I found the migration of assets to be particularly sensitive to a sequenced set of steps & a little deviation resulted in an error in the FA status.
I don’t know how to fix this once the FA is created.
Hope this sheds some light on your issue.
+8I guess the asset is not depreciated in all books, otherwise it was supposed to have Fully Depreciated status based on your description.
I see in the screenshot that it is fully depreciated in 1 book, do you have other books configured for that asset?
Here is the life cycle of the Fixed asset.
We are having the same issue. Only 1 book fully depreciated years ago and still showing as Active. Are there any thoughts?
Hi
I have run into this problem with migration of fully depreciated assets during FA module implementation. I I found the migration of assets to be particularly sensitive to a sequenced set of steps & a little deviation resulted in an error in the FA status.
I don’t know how to fix this once the FA is created.
Hope this sheds some light on your issue.
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