Fixed Assets - EBS (MOSC)

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Amortize NBV

edited May 13, 2013 9:12AM in Fixed Assets - EBS (MOSC) 6 commentsAnswered
Did exactly recommended. but Monthly depreciation calculated by system is more by What check and trouble shoot when "Amortize NBV over remaining life is not calculating monthly depreciation correctly.


Loaded:

DPIS=01-Nov-12

Amort Start date=31-Jan-13

Prorate date=01-DEC-2012

Amort Adj=Y

remainging life=9 years (108 months)

Cost=7,300,488.00

LTD=4,415,269.00

NBV at begining of FY=2,885,219.00

According to manual calculation=2,885,219.00 / 108=26,714.99 but FA is calculating 26,964.66 making system calcs more by  26,964.66 minus 26,714.99=249.67

Additionally , attached excel sheet showing what is calculating and what it should be based on the functionality description ""Amortize NBV over remaining life"

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