New to Acumatica. My question is why is my Depreciation calculation not reducing the asset cost for salvage value before calculating depreciation. The report reads asset cost = depreciable value on an asset with a declared salvage value.
Salvage value in depreciation calculation
Best answer by Laura02
Hello,
It may help us to know what depreciation method you are using and to see a screen shot including all details of your asset with resulting depreciation figures.
Meanwhile, I did a quick test using SL - Straight Line.
Before I made changes, the asset had been depreciated only for the first month when it was placed in service. It had salvage amount of $0. I calculated so we can see the amount expected for each month in the future.
Next I added a Salvage value and recalculated.
Now the predicted depreciation is MUCH smaller due to the high salvage Amount I gave my test item.
Is your experience different? If so please provide details and screen shots and we will help you. Thank you.
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