Depreciation Calculation After Cost Adjustment
Hi,
We have an asset that is placed in service in FEB-15. The asset is revalued, that is, the cost is increased by an amount in DEC-15 period, the adjustment is not 'Amortized' as the new cost should be effective from DEC-15 itself. This also means there should be no adjustment amount for the DEC-15 period. But the asset is showing an adjustment amount for DEC_15 period. When I checked the calculation on a paper I found that the new cost is coming into effect from the period FEB-15, which is when the asset is placed in service. And all the