Assets not depreciated when created through the Fixed Assets Acquisition journal.

Hi All,

Here I have one query regarding fixed asset depreciation.

We have uploaded Acquisition opening balance for an asset with 50000 INR value as on 31-12-2010. and on same date we uploaded the depreciation with same value. So the Net Book Value is zero.

After that we have done the Acquisition adjustment for the asset on 31-03-2011 with 10000 INR. Now the Net Book value is 10000 INR. Then we ran Depreciation proposal for that asset but system is calculating depreciation on the value of (50000 +10000) 60000 INR instead of value 10000. The depreciation method is Straight line method .

Please make me understand how system is calculating the depreciation in this scenario and let me know whether the calculation is correct or not.

Regards,

Sathish kumar

Hi,

What is the depreciation run date in the value model.

You need to update the depreciation run date since from this depreciation will be calculated.

Regards

Hi,

Thanks for the reply.

You recommended to update the Depreciation run date. Bu this field is non editable field.

Let me know how this can be done.

Regards,

Sathish kumar