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Depreciation Calculation — Cloud Customer Connect
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Depreciation Calculation

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edited Jul 30, 2021 7:08AM in Assets 4 comments

Summary

Need to start calculating depreciation for an asset which previously had not depreciated

Content

Hi,

My client purchases assets such as computers and maintain them in stocks to use when ever required. They need to recognize them as fixed assets in the asset register not as inventory.

I tried to add the asset to a separate category which does not depreciate.

When the asset is actually placed in service, asset is transferred to a new category which depreciates. 

However, the depreciation of the asset does not calculate even after the category transfer.

Is there a work around to satisfy this requirement.

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