Asset Lifecycle Management - PSFT (MOSC)

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Calendar change for fixed assets

edited Aug 14, 2019 6:02AM in Asset Lifecycle Management - PSFT (MOSC) 6 commentsAnswered ✓

Hi All,

We have two books setup for an entity each with a different calendar. Both are posting books.

Book A has a Jan to Dec calendar

Book B has a Apr to Mar calendar.

Now, if we make the calendar of book B equal to Book A i.e. to Jan to Dec, All new assets added after this will follow the the new calendar.

My question here is how will system adjust the depreciation for already inservice assets which were added years back prior to the change. Can someone please suggest the best method to take care of this?

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