JDEdwards World (MOSC)

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Impairment of Assets on JDE World

edited Dec 1, 2013 10:57AM in JDEdwards World (MOSC) 1 commentAnswered
Hi All,

At the end of last financial year 30/06/13 were wrote down quite alot of assets in our reporting tool but did not reflect this in JDE. Now we have been tasked to reflect the impairments in the system by writing down the assets to an NBV of zero as the end of 30/06/13.

These assets have been depreciating on a method of 15 (Fixed % on Cost) , life months of 120 , Compute Direction C (Current YTD) and in most cases a Method percentage of 10.000.

Does any one know what would be the best depreciation rule to update these assets so that I am able to fully depreciate them as at the 30/06/13. Once the asset close is done then the depreciation run for the current month (November 2013) should reflect the credit.

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