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AE: Wrong Net Book Value for Asset

edited Feb 16, 2022 10:21AM in Ask A Guru 5 comments

Hello again Support Community ?,

Would like some assistance on a Fixed Asset related concern we noticed. As you can see on the screenshot below, there seems to be some issue with the computation of the Net Book Value for the first depreciation from acquisition. The acquisition amount is 308.44 and current month depreciation is 6.21 (pro-rated) . Our expectation for the NBV as of June 30, 2021 is 308.44 - 6.21 = 302.23 , but for some reason its 250.73 . Am I missing a setup?

Just to add, this example is a Mid Life Asset which was uploaded.

Would appreciate all your inputs ☺️

Thank you so much!

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