Fixed Assets - EBS (MOSC)

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To depreciate asset added with STL method at a double rate

edited Nov 3, 2017 11:06AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

Hi,

We have been using assets module for many years, and the users have been adding assets. Now, the user wants to depreciate the asset at a double rate. Is there a way to do this with STL method or any other way?

For eg:

1. Asset was added on 01-Jan-2015 with STL method and the life given was 5 years.

2. Now, from Oct-2017, the user realised that the asset is being is used more frequent than it was earlier and so he wants to depreciate the asset at a faster rate.

I have two possible solutions:

1. As it is STL method, we have to decrease the life to increase the rate of depreciation. If we do so, the depreciation taken earlier will be adjusted in the current period ( more deprecation will be added in the current period). So,  I will adjust the life of the asset as per their requirement, I will give amortization date of oct-2017and enable amortise flag so that the depreciation will be changed from the current period only. for any newly assets, I will tell the user to give 2.5 years instead of 5 years to depreciate the asset @

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