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Question from sai14 on Aug 21 at 7:38 PM Hi ,
Need your advise on the useful life change on an asset.
We have an asset class with 15 yrs useful life ,the business decided to decrease the useful life to 5 yrs.
The asset was acquired in year 2011 and expired useful life is 2 yr 2months.
remaining life 2 yr 10 month based on the asset(based on the changed useful life)
The system is calculating the dep from 2013 to 5 yrs, but it should calculate the remaining useful life only.
Here is the the calculations:
APC: 492937.84 in 2011(October)
Dep 24646.89 2011
Dep 107550.07 2012
changed useful life in 2013 (Fy July to June)
Dep 173978.06 2013
Dep 173978.06 2014
Dep 12784 in 2015
But the business would like to see the catch up distributed evenly for 2 yr 10 months
Dep in Fy13 should be 12720.
Any suggestions?
And I tried running AFAR after useful life change, but it was not working.
Regards,
Sai
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