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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
How to set Cumulative Depreciation on fixed asset to zero?
I need assistance on how to set the Cumulative Depreciation on a Fixed asset.
The company was acquired and have current depreciating fixed assets. I am trying to set the existing fixed asset to have a cumulative depreciation of zero.
Scenario 1:
Laptop, Straightline method, Mid-Month Depreciation, depreciation period is 36 months, depreciation of 30 months has occurred.
Original cost is $7702.88
Cumulative depreciation is $6847.04
Net Book Value is $855.84.
Scenario 2: Can NetSuite set the asset, Cumulative Depreciation to Zero when asset is fully depreciated?
Laptop, Straightline method, Mid-Month Depreciation, depreciation period is 36 months, asset has fully depreciated of 36 months has occurred.
Original cost is $7702.88
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