on 01-30-2015 4:04 AM
Scenario: Asset useful life need to be reduced from 10 years to 6 years; Asset should be completely depreciated and additional capitalization
should be added to the asset.
Solution I tried:
Issue: In the asset values: Even with the change of asset from 10 to 6 years and though there is still 3 years left on the asset, system is depreciating(additional capitalized value) the asset in 4 months intead of 3 years.
Does anyone has this issue?
Thanks!
Hi Aditya,
Which depreciation key are you using for asset? And also let me know what is the value date for additions. If possible, please share screen shot of the asset.
Regards,
Mukthar
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Hi Aditya,
Your using the depreciation key which is based on use ful life. As per key it will depreciate for remaining years i.e. 3 years and not on 4 months. If you want depreciate in 4 months, then you have to post unplanned depreciation for the same or change the use ful life for the asset accordingly.
Regards,
Mukthar
Hi Mukthar,
Step 1: I posted unplanned depreciation on the asset in current year
Step 2: Changed the life of asset from 40 to 12 year 4 months
Asset Aquisition date: 11/2013
Issue: After reducing the asset value by 124K, system is depreciating more in 1st year without considering unplanned depreciation.
Setup of depreciation key:ZLNR
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