Depreciation Rate Change
I have a business case where Existing asset depreciation is charged on certain percentage for first 3 years, subsequently depreciaton percentage needs to be changed.
As per best of my knowledge, we can configure year dependant Depreciation rates, however, it should be configured before the asset values posting. Since, in current case, depreciation is posted for first 3 years, we cannot change the rate of depreciation.
Am I correct ?
Requesting you to comment.
Kee Seng (John) CHIN replied
Ensure the asset accounting closing (AJAB) had been completed up until FY2010, during last year-end closing. Then the depreciation recalculation shall only affect current year numbers should the depreciation rate be changed.