Need to enter useful life in days in asset master
Our client has an asset which is acquired and capitalized on 15.03.2005. This asset has the useful life of 20 years. This asset is part of our Production Plant and which was started on 01.04.2000 with a useful life of 20 Yrs. So, all the assets with this plant needs to be fully depreciated by 31.03.2020.
If we change the ordinary depreciation start date in asset master as Plant start date, remaining life is not getting correctly calculated after changing the original Depreciation Start Date. Also the Asset is not getting fully depreciated and the amount is getting accumulated along with 5% Scrap value.
The FY is from April to March.
We require that it should be possible to enter the useful life of the asset in years and days.
Kindly help us regarding what settings need to be done in period control method and multi-level method.
Thanks and regards