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Hi Lalit
You can create the assets and change the capitalization date to reflect that of 2010. When you
run depreciation it will catch up on depreciation from 2010 but will reflect in your profit & loss
account for 2011. If accounting period 2010 is closed then you cannot change reported results.
Kind regards
Daryl Abraham
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| | | ---------------Original Message---------------
From: Lalit Kalra
Sent: Friday, December 31, 2010 9:04 AM
Subject: Asset creation in closed period
As we are moving towards year end, but still there are assets which required to be created in 2010, with capitalization date as 1st Dec 10 (Being an SORP of a product line).
Now I have a question , what is required so that we can create assets in 2010 after 1st Jan 11 also and how long and how the correct dep will be calculated in Jan 2011 and so on as Dec 10 period is still open
Can we create on consolidate Assets entry on Dec 10 and split in Jan 11, if that is possible how can we do that
Pls advice the better and most suitable option
Regards
Lalit Kalra |
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