Fixed Assets - EBS (MOSC)

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Asset getting fully reserved before life

edited Mar 13, 2012 10:30AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered
Create a book with the following set ups

Calendar year running from Jan to DEC
Number of periods per year = 4 representing the 4 quarters in the year
Prorate convention = begin of year for every quarter
Depreciate When placed in service is unchecked for that convention
Define a custom table based method for a 7 year life
Add an asset in Q4-2010  with that method in year 2010 with a DPIS of 15-JUN-2004
Add the asset with Cost of 289 and accum of 282 and period added = Q4-2010.
For Q4-2010 period, give an override amount of zero in fa_deprn_override for that asset

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