Fixed Assets - EBS (MOSC)

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Tax Books - Fully depreciated assets get copied during initial mass copy

edited Oct 21, 2017 5:00AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered ✓

Dear FA Gurus,

I notice that assets that are fully depreciated in our Corp. Books get copied over to Tax books during initial mass copy. Within Tax Books, the NBV is set to asset's Original cost and when depreciation is run in Tax Books for the first time, the depreciation program throws the error message "The following asset should have been fully reserved in an earlier period. Instead, it has been fully depreciated in this period". When inquiring the asset in Tax Books through asset workbench, I can see that the asset is fully depreciated, but in the first period set in the

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