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Asset Depreciation

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edited Nov 5, 2020 6:47AM in Assets 1 comment


Changed Depreciation from Reducing balance to ST method


Hi All, My Customer has just gone Live on Fusion Financial, they are facing issue in migration. They changed depreciation method two years ago. They have changed from Reducing balance method to STL method. Example At the time of change, Cost was 300, NBV 100 and Life of asset 10 years, Remaining Life was 5 Year. So they considered their Depreciation as 20 pa (100/5) Whereas when we migrate this asset today, Oracle has calculated Depreciation as 30 Pa (300/10).After two year Cost 300, depreciation reserve 240 and NBV 60.We want to record 20 pa depreciation only.Kindly advise how we can record this transaction

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