Financial - JDE1 (MOSC)

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Depreciation calculation on assets after a "Merge" with a new company

edited Oct 5, 2018 5:05AM in Financial - JDE1 (MOSC) 1 commentAnswered

Hello,

The company I work for was purchased by another company.

The official "deprecation start date" is June 15/2018.

We have to update all "original cost" of the assets with the values provided by the new company (which we have done).

Our challenge is around depreciation.

We have been "manually " calculating/accruing  depreciation for the past 2.5 mths and now we have to get the system to calculate the deprecation automatically  (from June 16- Aug 31/18)

The users/business need the monthly depreciation cost to MATCH 100% to what this value is below( manually calculated)

Original cost of asset = $10,000,000.00  life in mths = 240,

Depreciation method = 01.

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