Fixed Assets - EBS (MOSC)

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Depreciation calculation after NBV is zero for the asset

edited Nov 24, 2018 4:06AM in Fixed Assets - EBS (MOSC) 7 commentsAnswered

HI Team,

Could you please help with this request.

1. Asset# XYZ created in 1st Apr-12 with the life in months is 60, after 2 months the asset life changed to 36 Months.

2. Finally the asset is fully depreciated on Nov-16, the NBV is Zero and YTD also.

3. In Dec-16 month we ran deeper for that asset/book, the NBV is Zero and YTD also.

4. Same month (Dec-16) Client adjusted the negative amount#1234.

5. The Dec-16 month there is no change (NBV is Zero and YTD also Zero after completion Depreaction also), here no journals are created for depreciation.

6. there is no charge for still Apr-17

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