Hello,
When we have migrated the fixed assets and when we run depreciation for the next first period, system will look at the asset from the acquisition date and calculate any over/under depreciation.
Is there any way that we can depreciate asset from the migration date without doing over/under adjustment by the system for the fist period after migration? Simply system needs to run depreciation without considering over/under depreciation adjustments.
Thank you,
Dulanjana
Best answer by JohnMichels
Hope this helps
Hope this helps
Hello
Thank you for your comment and Yes, it seems to be the option. I tested and working as expected.
My scenario current method is SL but there were some changes in dep method in the past which makes the accumulated deps do not tally. By moving into RV we can resolve any P&L hits.
Thank you.
Good Luck
Hello
Thank you , yes I'm aware of it. My concern was eliminating ever/under depreciation with a migration of fixed assets occurring due to prior incorrect calculation.
Thank you for your assistance.
Thank you,
Dulanjana
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
