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Issue in Calculating Accumulated Depreciation for New Assets

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Accumulated Depreciation not calculating for New Assets

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Hello All,

I'm trying to add a new Tangible Assets, calculate Depreciation for the Asset.

Even though all the necessary fields like In Service Date, Useful Life in Years, Depreciation method, Accumulated Depreciation is not calculated for the Asset.

Asset Rate is transferred to Basic Cost and Property,Plant and Equipment Gross, Accumulated Depreciation is still showing as Zero.

Not sure what am i missing here , please share your thoughts on this.



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