Is it possible to depreciate an asset before its acquisition date ?

Hi everyone,

We have a client which has difficulties running automatic depreciation batch job.

They have a rule: for FAs that are bought in the first half of the year 01/01/xx till 30/06/xx, the depreciation starting date must always be 01/01/xx, while for FAs that are bought in the second period of the year, the starting date for depreciation must be 01/07/xx.

Is there any possible way or configuration how to post automatic/manual depreciation for those FAs that are bought after 01/01/xx or 01/07/xx(lots of them actually [:(]

Thanks in advance!

Uaja

Please specify - how often they calculate and post depreciation - monthly, quarterly, half-year or once at the end of year?

Which deprec method is used?

Thank you for your reply!

They calculate and post it monthly, using straight line depr. merthod.

They calculate and post it every month and use straight line method.

We found out that depreciation for january was not calculated( february was OK) even though depreciation starting date is 01/01/xx, while the acquisition date is 11/02/xx.

Thanks!

Uaja

NAV requires the first entry (by date) to be Acquisition Cost - thus you can’t post depreciation before FA was bought. (It’s only logical - otherwise at the end of Jan the FA will have negative Book Value) When you calculated Jan, Posting date most likely was 31-Jan.

However, in Feb NAV should calculate 2-month deprec - for Jan AND Feb, and post it on 28-Feb. There is field No of days in FA Ledger, check what stands there for Feb depreciation (28 or 59), as well as what the Amount is.

No. of days was 60, it was calculated for both January and February, and the amount was correct as well.

Thank you very much!

Uaja