Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

How Depreciation Adjustment Amount can be calculated?

in Assets 2 comments

Hi,

We are managing a book and currently focusing on the period of Apr-24 (considering 12 periods in the current year). We need to migrate some assets and calculate the depreciation amounts. Specifically, for Apr-24, we need to determine the depreciation amount for the month of Apr-24 and the adjusted depreciation amount for the previous months (Jan, Feb, and Mar 24).

We have the depreciation reserve until Dec-23. However, when we attempted to calculate the depreciation, the adjusted depreciation amount was not computed correctly.

Could you please advise on the correct procedure to calculate the previous periods' depreciation?

Thank you.
Eros

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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