Life Years Adjustment - Amortize flag ticked
I performed a Life Years adjustment for an asset.
ASSET A, Cost = $50000, DPIS=31-MAY-2013, Life Years=5, Depreciation May-2013 = 833.33, Current Period Open = May-2013 (Period valid from 01-May-2013 to 31-May-2013)
I adjusted to Life Years to 10 and enabled the flag 'Amortize Adjustment' and in Amortization Start Date entered 31-May-2013.
I rerun depreciation for period May-2013 and the system calculated = 416.66 and when I created the accounting the system Debited Depreciation Expense and Credited Accumulated Depreciation.
I was expecting that given that I checked the option 'Amortize Adjustment' in Yes the system will also allocate part of the adjustment when I run depreciation and create accounting for it (833.33 /120 months= 6.94) but this didn't happen.