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Need to upload opening FAR to system with depreciation reserve and YTD depreciation balances

in Assets 5 comments

Summary:

Opening FAR to be uploaded to the system with depreciation reserve and YTD depreciation balances

Content (please ensure you mask any confidential information):

Scenario:

The FAR is as of 31/03/2023. (Opening balances for 1/04/2023)

Depreciation Method = STL

Prorate Convention = Daily depreciation

Depreciation calender = April/March

Divide Depreciation = By days

When uploading the above particular FAR to start depreciation from Apr-23 in the system, what are the below options should be ideal;

  1. Upload to March-23 period with amortization enabled for 31/03/2023
  2. Upload FAR to Apr-23 period with amortization enabled to 01/04/2023
  3. Upload FAR to Apr-23 period without enabling amortization.

Version (include the version you are using, if applicable):

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