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How can assets be depreciated to 0.00 without defining a useful life?
How can assets be depreciated down to 0.00 using the WDV method without any dependency on asset lifetime, when no useful life is defined?
We have a requirement where assets must be depreciated down to 0.00 using the WDV (Written Down Value) formula, without relying on asset lifetime, as no useful life is defined for any of their assets. Based on earlier guidance, the Final Period Convention was set to Value Based and a new depreciation method was created accordingly. However, when assets are created using this method, the depreciation transactions are generating negative amounts, which is not the expected behavior. What could be the reason for this issue, and how can it be correctly configured to achieve depreciation down to 0.00?