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Depreciation calculation after Adjustment to Asset

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edited Jun 20, 2022 1:04PM in Assets 4 comments

Summary:

An Asset Cost is


Its life was periods 120 which was put wrongly. so it calculated YTD depreciation for May 2022 as


When adjusted and corrected to Life in periods 400 we again ran depreciation and it is calculating


whereas if we see on the Asset inquiry the Monthly depreciation is calculated correctly. Please refer to attach a screenshot with circled in RED. 14850.10 which seems to be correct for the Month.


But in Journal Ledger Reserve report it is showing

which is not clear why.

for those asset which we didnt change the depreciation is Correct for the month.But encircled in RED is wrong

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