Asset with Negative values

[Former Member]

Hello

At my client place, I need to upload asset with negative values and +ve accumulated depreciation. But in SPRO against ordinary depreciation, "only negative values or Zero Values" are allowed. My question is:

What will be the problem if I make it all values allowed in SPRO against the ordinary depreciation.

please advise

Regards

SJ

[Former Member]

Hi

This will create the Proble like this,

Your Original Cost of the Asset will be - Ve,

Where as you will be running Monthly AFAB which will calculate depreciation for the -ve values.

Hence , your P&L Account will show the Less Value of Depreciation,

This will mislead the Profit of the Organisation which is ultimately and pricipaly against Accounting Standard and Law.

Hence don't do this ,

Assign point if useful

regards

N.Kumar

[Former Member]

hi

it accepts any value either Positve or negative.