Fixed Asset Renovation/ Additional Cost
I have asset which has a NBV is 1 and it date in service is 01/01/2005 life of year 5 . Now in the month of jun-2013 company decided to add cost with 5000 . so I add the 5000 thorught asset mass addition and I select the amotize adjustment . Now the the Asset book value is 5000 and amortization start date in 01-jun-2013.
Please let me know what will happen if I will run the depriciation do I need to change the date in service is 01/01/2005 to 01/jun/2013 . or system will calculate the monthly depriciation based on the amortization start date.
Thanks,