DPIS is in prior year, after running dep still YTD and Accumulated depreciation are showing same
Hi Gurus,
Actually our FA calendar starts from 01-Jul-16 to 30-Jun-2017,
we have created one Asset in APR-17 ,asset life is 10 years and value is 7500. But the Date placed in service is 01-APR-2016.
After running the depreciation system should consider the YTD depreciation as 625 for 10 months and Accumulated depreciation as 812.5 for 13 months since the DPIS is APR-16.
But it is not happening.
Both YTD and Accumulated Depreciation is showing as 812.5
Please provide your inputs in order to proceed further.
Thanks in Advance
Thanks & Regards
Koteswara Rao