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ASSET ACCOUNTING ISSUE

1. for one asset is having for ex:Rs.10000 and the user created

additions for this as sub asset worth of Rs.5000/- it increases the

life time of the main asset.

Asset Value: Rs.10,000

Life time: 10 Yrs

Dep.Rate: 10%

making of this additions: Rs.5,000/-

this is created as another asset: life time 15 years, dep: 6.66%

this additions will increase the main asset life time from 10 Yrs to 15 Yrs.

and also the asset value should be increase.

instead of creating asset how to add this to main asset and how you

increase the life time of the asset and how to change the depreciation

rate 6.66%?

the main asset already depreciated 3 Years.

what is the procedure to correct this and what is the t.codes will use?

Former Member
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