Depreciation run after legacy data transfer
Fiscal Year of our company code is July to June. Our cut over date is 31-Aug-2015. Now based on this we will have two types of data 1) legacy assets master and 2) Current Year Acquisitions. I set The asset take over date as 31-Aug-2015 and the last period posted in legacy system as 2nd period of 2016. I have updated all the assets of legacy data with following values:
1) Cost Of the asset
2) Accumulated depreciation on 30-Jun-2015
3) Depreciation posted up till 31-Aug-2015.
For Current Year Acquisitions i have posted the bellow values:
1) Cost Of Asset
2) Depreciation posted up till 31-Aug-2015.
Now everything is fine but i am just confused about depreciation expense value to be posted. In OASV I will debit asset cost GL Credit Accumulated depreciation GL and Credit the initial upload GL with the balance amount. what about the depreciation expense of 2 periods of current year and it impact in accumulated depreciation GL? as per my under standing from the balances provided by users i will have to exclude the value of these two period's from depreciation expense GL balances and accumulated depreciation GL balance and then execute the depreciation run for these two periods which will automatically update these two GL accounts with the value and it will be reconciled. but in this case there will be balances standing in my initial balance upload GL account. can any one please clarify my doubt.