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How is depreciation calculated for converted assets in Cloud?

in Assets 4 comments

Summary:

We are converting assets from the legacy system(JDE) to Cloud. The depreciation method is STL for all assets.

Questions:

  1. If we are converting assets in the month of June-2024, should we ask client to run depreciation till May-2024 in legacy system?

Once the assets are converted to Cloud, the depreciation will be calculated for the month of June-2024, in both legacy and Cloud, to ensure the calculations are coming correctly.

2.How does the system calculate depreciation for an already depreciated asset in Cloud?

For example: If the asset has been placed in service on Aug-2023 and is depreciated in legacy system, on what basis will the system calculate the depreciation in Cloud, in June-2024?

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