I am testing the import of historical fixed asset data. Client uses SL with Mid Month convention. We do not want historical depreciation adjusted in the first month depreciation is run in Acumatica so all historical assets are imported using the RV method. The problem I am running into is that there are assets depreciating to a negative value and some assets that will not fully depreciate.
I have used RV plenty of times however this is the first time I am running into this. My understanding is the RV method with historical assets should ignore what the system thinks should be the correct A/D and depreciate the remaining value of the remaining life. I thought that RV may only work with full period Averaging Conventions so ran another test asset using the same values however the remaining months were not calculated equally.
Any ideas if my theory is correct or why this may be occurring?
24R2
Build 24.204.0004
