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NSC | What are the effects of changing the Depreciation dates in the Asset Record?

edited Jan 10, 2024 7:48PM in Accounting / ERP

Changing the Depreciation Start/End Dates of an Asset Record will affect the Asset Lifetime field.

Here are some scenarios to help you understand:

(Kindly note that in these scenarios, the Asset status is new and there is no depreciation yet)

  • When the date in the Depreciation End date is changed, the Asset lifetime will automatically be recomputed and the system will send a prompt about it:
  • When the date in the Depreciation End date is equal to Depreciation Start date, the same prompt message will appear and the Asset Lifetime will be changed to 0.
  • When the date in the

Micah Patricia Timbol | Basic and Advanced Accounting, OTC Guru

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