Fixed Assets - EBS (MOSC)

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FA Asset record 'Date In Service' in future date with Depreciate Flag...

edited Jun 5, 2015 1:43PM in Fixed Assets - EBS (MOSC) 5 commentsAnswered

I have a scenario where I do not want to start depreciation for an asset until it hits a certain date in the future. For example, if I crate an asset in FA on 01-May-2015, the 'Date In Service' field will be 01-May-2015, but I only want depreciation to start for this asset from 01-May-2016.

1) Tried 'Date In Service' as 01-May-2015, and uncheck the Depreciate flag. When I Check the Depreciate flag on 01-May-2016 does the system calculate depreciation from 01-May-2015?

2) When I tried to put 'Date in Service' value as 01-May-2016, I get a system warning that says Date Placed in Service should fall in the current or prior period. Is there a work around for this limitation?

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