Fixed assets addon - question about depreciation

[former_member303406]

Hi,

Is it possible to enter a depreciation for the 3 upcoming months only ? It seems that when we enter an acquisition, the depreciation is automatically entered for all the actual year... so the depreciation is

the double for a couple of months...

Ex: we enter an acquisition in August, the depreciation is entered from January to August. If we enter again this acquisition in September, for the upcoming months, the depreciation is declared for all the year, so from January to August, there is a double depreciation...

Thanks,

Luce

[ivy_zhang · Accepted solution]

Dear Luce,

The depreciation start date is based on your settings of the depreciation type you assigned to the assets.

Refering to Fixed Assest Online help, you will find the following part.

Acquisition

From the drop-down list, select one of the following depreciation types:

Pro Rata Temporis: If you select this, the field PR Temporis Type will appear. From the drop-down list, you can select one of the following options to determine the start date of depreciation:

· Exact Daily Base: Calculates the depreciation starting on the exact date of acquisition.

If you are using a non-standard monthly calendar, you can only select Exact Daily Base.

· 1st Day of Current Period: Calculates the depreciation starting on the first day of the current period.

· 1st Day of Next Period: Calculates the depreciation starting on the first day of the next period.

First Year Convention: For a fiscal year that starts on January 1st:

If the acquisition occurs before June 30th, depreciation calculates from January 1st.

If the acquisition occurs after July 1st, depreciation calculates from July 1st.

Half Year: Depreciation always starts at the beginning of the second half year and is calculated for half the year.

Full Year: Depreciation is calculated for the entire year.

Subsequent Acquisition

From the drop-down list, select one of the following depreciation types:

Pro Rata Temporis: If you select this, the field PR Temporis Type will appear. From the drop-down list, you can select one of the following options to determine the start date of depreciation:

· Exact Daily Base: Calculates the depreciation starting on the exact date of acquisition.

If you are using a non-standard monthly calendar, you can only select Exact Daily Base.

· 1st Day of Current Period: Calculates the depreciation starting on the first day of the current period.

· 1st Day of Next Period: Calculates the depreciation starting on the first day of the next period.

Half Year Convention: If the subsequent acquisition occurs in the year of acquisition, depreciation for the subsequent acquisition is calculated starting from the depreciation start date of the assets. If the subsequent acquisition occurs in the following year, the depreciation is calculated for the whole year.

Retirement

From the drop-down list, select one of the following depreciation types:

Pro Rata Temporis: If you select this, the field PR Temporis Type will appear. From the drop-down list, you can select one of the following options to determine the end date of depreciation:

· Exact Daily base: Calculates the depreciation until the exact day of retirement.

If you are using a non-standard monthly calendar, you can only select Exact Daily Base.

· Last Day of Prior Period: Calculates the depreciation until the last day of the prior period.

If you choose not to run depreciation in the year of retirement, you will need to set your PR Temporis Type to Last Day of Prior Period.

· Last Day of Current Period: Calculates the depreciation until the last day of the current period.

Half Year Convention: If retirement occurs in the first six months of the year, depreciation is calculated for the complete half-year. If retirement occurs in the last six months of the year, depreciation is calculated for the whole year.

I hope above is helpful!

Regards,

Ivy Zhang

SAP Business One Forums Team