Depreciation of Asstes wich had amortized adjustments
Hello,
How is Depreciation run for Asstes which had amortized adjustments?
Could someone shed some light?
EBS R12.1.3
For example:
Cost: 252,791.42
Life: 96 months
Method: STL monthly
DPIS: 02-JUL-2010
Prorate Date: 01-JUL-2010
Status in MAY-14 after 46 months depreciation:
Cost: 252,791.42
Reserve: 126,385.83
NBV: 126,405.59
In MAY-14, post an amortized cost adjustment (reducing cost) of 235,687.42
resulting in:
Cost: 17104
Reserve: 126385.83
NBV: -109281.83
How depreciation amount will be calculated for current period(MAY-14) and remain periods.
Thanks.
Andrei