Fixed Assets - EBS (MOSC)

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Question on Life of an asset.

edited May 24, 2018 10:55PM in Fixed Assets - EBS (MOSC) 4 commentsAnswered ✓

Hi All,

I have a question on the life of an asset. This is only from learning point of view - wanted to post my doubt here so that I can get experts guidance.

What will happen to an asset - which is gradually depreciating every month and one fine period, the life is over & cost becomes zero ?

Will FA module take any action on such assets in the next open period when they have an amount as '0' ?

What will happen if they are left untouched ?

Should such assets be manually retired ? OR will FA consider them as retired assets in the next depreciation run ?

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