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NSC | Effects of setting the Depreciation Start Date and/or Depreciation Active in Asset creation

edited May 9, 2024 3:12AM in Accounting / ERP

When creating a new asset, the populating the Depreciation Start date and Depreciation Active fields will define whether or not an Acquistion record will be created once.

Here's a table for you to better understand:

Scenario 1:

If the Depreciation Start date field is populated and Depreciation Active field is set to True, an Acquisition record will be created. This can be checked by going to Fixed Assets > Lists > Assets > View Asset Record > Depreciation History subtab > Depreciation Histories

Scenario 2:

If the Depreciation Start Date is populated but the Depreciation Active is set to False, no Acquisition record will be created

Scenario 3:

Micah Patricia Timbol | Basic and Advanced Accounting, OTC Guru

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