Fixed Assets - EBS (MOSC)

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Depreciation ceiling with depreciation Limit

edited Feb 10, 2017 4:00AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

Hi,

I need some support in order to understand how to achieve the following example:

For this asset I want to setup a depreciation ceiling and a depreciation limit as follows

Asset cost: 531,120.69

Asset life: 48 months

DPIS: 01-OCT-2014

Prorate Convention: Current Month

Monthly depreciation: 11,065.01

Lifetime depreciation limit: 175,000

Annual limit: 43,750

I am adding the asset in the current open period which is Nov-2016 with a YTD Depreciation = 43,750 and an accum depr= 120,695.04

When a run the depreciation, I am expecting not to see any amount since the asset has reached the annual limit of 43,750 but I am getting the following:

Also please find attached the setup for the ceiling and the asset.

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