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Depreciation Calculation on Disposal of Assets

edited Oct 21, 2014 8:54AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered ✓

I have a bit of confusion about depreciation calculation on disposal of assets. I have tested two scenarios:

In first case, I have added an asset on 21-Jun-2014 and retired on 21-Oct-2014. In this case as asset is disposed in year after the financial year in which asset was created. At disposal, system shows depreciation transfer of 4 months as per our Pro-rate convention i.e, depreciation calculated for Jun-14, Jul-14, Aug-14 and Sept-14.

In second case, I have added an Asset in Aug-14 and disposed it on 21-Oct-2014. Now system does not show any depreciation amount transfer. Why system shows this behavior? If we assume that no depreciation should be calculated in the year of disposal then no depreciation in current year should be calculated in both cases.

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