Depreciation calculation after Adjustment to Asset — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Depreciation calculation after Adjustment to Asset

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


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

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!