Fixed Assets - EBS (MOSC)

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Depreciate Asset on NBV after life change

edited Feb 11, 2014 2:26PM in Fixed Assets - EBS (MOSC) 8 commentsAnswered ✓

12.1.3

Hi all

Is it possible to change the life of an asset and let the application calculates the depreciation on the NBV using the new life. Normally the system will recalculate the depreciate using the new life on the cost of the asset which result in a depreciation adjusted debit or credit. I do not want to book a debit or credit depreciation adjustment i just want the depreciation to be done on the NBV using the new life.. Is this possible if yes how can this be achieved??????

Example:

Existing period of 3 years

Original Cost - $12,000,000

Date placed in service – October 1, 2012

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