Depreciate Asset on NBV after life change
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