Asset Capitalisation Date

[Former Member]

Hi Experts,

We have some assets that have been incorrectly entered into the system prior to stores opening and are therefore already depreciating.

Is it possible to change the capitalisation date? With the desired result being that the asset will stop depreciating until a later date.

Please advise the best solution

Cheers

Samir

[srinivasa_maruvada · Accepted solution]

Hi

Enter the deactivation date. No data will be posted to Asset Master.

Cheers

Srinivas

[Former Member · Accepted solution]

Hi Srinivas,

I'm trying to stop the depreciation being posted for time being or temporary and in near future we'll again start posting depreciation to this assets.

when I put the deactivation date, it pops up the error message that asset has acquired value. So I think this option wouldn't work.

Is ticking 'Shutdown' field is the option? Does shutdown flag stops the deprecaion on the asset for the time being?

Cheers

Samir

[Former Member · Accepted solution]

Asset Shutdown has been discussed a few times on this forum. Please 'search' the forum. You will find specific information regarding the shutdown feature -- i.e. the flag on the asset master record and your depreciation key.

[Former Member]

Thanks Guys, your contribution is much appreciated....

Points are awarded..

[Former Member]

Hi

To stop the assets from being depreciated, simply assign dep key 0000 to the assets.

Cheers

Hrishi