Fixed Assets - EBS (MOSC)

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Change of life of Assets

edited Apr 29, 2010 1:15AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered
Hi I want to change the life of Assets under Software category.

Presently my client is following 5 yr life for depreciating Sotware Assets, and recently they have taken a decision to change the life of a Software from 5 yrs to 3 Yrs.

1) And i want to see both the options of

a) booking difference of depreciation in current period

b) booking difference of depreciation over balance period of life.

2) And also i want to know, what-if, if ichange the life in Asset Category Level definition, will it have any impact on existing assets under that category?

Appreciate your help!!!

---

Jithendra

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