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Discover new innovations across NetSuite with 2026 Release 2
■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
Action Required: Review and submit pending reconciliation matches before the NetSuite upgrade to avoid rework. After 26.2, unsubmitted matches will be unmatched. For more details, see SuiteAnswers 1047397
Why is My Depreciation Formula Not Working?
Hi Gurus!
I have a situation and I believe you are my only resort! :)
So, I need to write a formula where, for a new asset,
1st year depreciation = ( (50%) of (20% of NBV) ) & (divide it by number of periods in the first year)
Following years = (20% of NBV) divided by number of periods in that year.
My formula: IF (NB=OC) THEN ( (NB*0.2) /2/12 ) ELSE ( (NB*0.2) /12 ) ENDIF
Questions please:
- NS won't allow me to save this formula for some reason.
- NB = OC indicates original cost = NBV and this is to show that it is the first year of this asset.
- To make this NB=OC work, I believe I need to set the depreciation method to "annual depreciation, monthly posting" in the depreciation period field, correct? This way, say if the 1st period has only 2 periods, NS will find 50% of 20% of NBV, which will be annual amount, and divide it by 2 periods, which will be the idea of monthly posting?
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