Asset migration in the middle of year
Our fiscal year is Jan to Dec, We are migrating Assets as of 31st May, 2011.
I have an asset in legacy system capitalized on 01-01-2010.
APC : 3600
Useful life : 3 yrs Straight line method. So depreciation per annum would be 1200.
I AS91, I entered APC value 3600
Accm. Dep 1200
Odr dep 500 (jan to may this year)
When I check in asset explorer this 500 is showing as legacy dep in posted dep, Is this 500 will be posted when I run AFAB for June or like APC and Accum.Dep, Do I need to update balances?