Fixed Assets - EBS (MOSC)

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Depreciation credit?

edited Aug 26, 2018 5:02AM in Fixed Assets - EBS (MOSC) 1 commentAnswered

Hi all-

We recently uploaded a number of converted assets with 5 year useful lives. We ran depreciation and then realized that they should have 3 year useful lives. So we used Mass Change to adjust the assets and re-ran depreciation and now we've got an enormous credit for the month. Focusing on one asset, I can't figure out why we've now got a credit for the month in which the asset was added.

Would appreciate someone taking a look:

Original cost:             18237.06
DPIS:                        1-APR-17
Original life:               5 years
Adjusted to:               3 years

Depreciation for the current month (in which asset added) is now -4244.63

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