Discussions

Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Don't miss out on our Pop Quiz You only have until May 13, 2025, 4:40 PM ET to comment your answers and earn rewards! Click here for more details.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Make Your Voice Heard: What Tech & ERP Topics Should We Explore in our Next Webinar?? We’re all ears! Vote now, and the poll runs until January. Poll for ERP | Poll for Tech.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
SuiteWorld 2025 registration is officially OPEN

SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other. Register now!
Please be advised that SuiteAnswers will undergo maintenance for approximately 4 hours on Tuesday, May 13, 2025, starting at 01:30 AM Eastern Standard Time. During this time, access to SuiteAnswers to view articles and submit online cases will not be available. Please contact us by phone. For critical issue, please call 1-877-NETSUITE. (1-877-638-7848).

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!

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 2 (Apr-Jun 2025)

This Week's Leaders

This Month's Leaders

All Time Leaders