asset accounting issue
DESCRIPTION
hiTRANSCRIPT
Asset accounting
Asset accounting Useful life calculation
Asset APC value = 1,00,000 ( Useful life 10 Years)
Depreciation 40,000 Posted for 4 years (10% SLM)
-------------
60,000 ( For remaining 6 years useful life )
Here client want to reduce the useful life 6 years to 4 years
So, tAsset APC value = 1,00,000 ( Useful life 10 Years)
Depreciation 40,000 Posted for 4 years (10% SLM)
-------------
60,000 ( For remaining 6 years useful life )
(1,00,000 X 10/100) which need to be posted in current year (FY) and rest of useful life depreciation 10,000 per year i.e 4 years to be posted as usual.
Can you please help on this how to approach to post useful life difference in current year.
Proposed Solution:
1. You can change the useful life of the asset in Asset Master through AS02.
2. The effect would be that for the extra amount you post manual depreciation for the current month.
Asset APC value = 1,00,000 ( Useful life 10 Years)
Depreciation 40,000 Posted for 4 years (10% SLM)
-------------
60,000 ( For remaining 6 years useful life )
- 10,000 (For reduced period will be posted
manually in current period)
3. From the next month it would be adjusted/posted according to the depreciation key.