Depreciation Calculation based on Asset Capitalization Date

[Former Member]

Hi,

Overview:

In our current Scenario, Asset Capitalization date is Previous year date say 01.02.2006 when the asset was actually put to use.

But due to some reasons, asset was actually settled/created on say 1.09.2008 ie.First Aquistion Date.

Issue:

System considers the value date as 01.09.08 as the asset was posted on this date(which is correct in normal practice) and calculate depreciation from 01.09.2008 but we want to have depreciation calculation based on the asset capitalization date i,.e.back dated from 01.02.06

How can we do this?

[NathanGenez]

wrong forum

[dominic_holdstock]

Hi,

a) When creating the asset ensure that the box "Post-Capitalization" is ticked.

b) Post the capitalization with Transaction ABNAN

This will then post DR APC

CR Accum Dep (value for Prior years)

CR offset account (NBV at beginning of current year)

Kind regards

Edited by: Dominic Holdstock on Oct 20, 2008 3:20 PM