Urgent- Fixed Asset config settings for Depreciation calculation.

[Former Member]

Hi All

I have requirement,

<u>Current setting in AA:</u>

System calculating depreciation from beginning of fiscal year for additional asset.

<u>Requirement:</u>

System should calculate Depreciation from date of acquisition of additional asset.

<b>Example:</b>

I have acquired asset ABC on 1st Jan, 2007 with 1000000 $

Additional asset ABC is posted on 1st July 2007 of worth 200000$

right now system calculating depreciation for the whole year for both values.

we need, depreciation on 1000000$ for full year and on 200000$ for 6 months.

fiscal year Jan to Dec

Please let me know, what are configure changes I need to do.

Thank you in advance.

S Habib Pasha.

[Former Member]

HI Habib,

You may try using period control method

Check what are options there in period control for Acqutitions, Additions, Retirement and transfer.

for Additions you try with option 01.

Best Regards

Ashish Jain

[Former Member]

Hi Ashish

At current settings in period control , for Addition we have as "01". but it is not giving expected results as per my question.

Thanks and regards,

S. Habib Pasha.