Dear all,
Please help me in this case:
The depreciation method used for the asset is SL, with depreciation spread over 2 months. However, after 2 months of depreciation (the last depreciated period being 08-2024), a net value still remains.
Now, we want to clear the net value in the current month, how can we do?
Thank you so much!
Hello
The Assets shows as fully depreciated as the Last Depr Period = Depr to Period (05 -2024).
A manual depreciation + transactions can be generated for the most recent period for which the system depreciated this Asset
Hope this helps
Amaan
Thanks Amman.
A manual depreciation, meaning an entry in the Fixed Asset Transaction screen (FA301000), was attempted. However, the system does not allow this if the period is later than the “Depr. to period”
Hello
If you require to post an entry after the the Depr to Period the system will not allow. The Asset will have to be reversed and recreated with the correct parameters .i.e., Depr to Period 06-2024.
Regards,
Amaan.
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