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Reply from satyasrikanth on Sep 2 at 8:55 AM The asset value at the time of acquisition is 12000 after six months it become 6000 (assume 1000 depreciation per month with 1 year life period)
In the month of July, we add some value to the main asset say 6000.
Then system is taking 12000+6000 as the base for calculating the depreciation dividing 6000/12 and posting the depreciation for whole year.
But the additional value is assigned by us is only for 6 months, as per the accounts rule the effective date must be in the month of July. It must calculate 6000 / 6 and charge depreciation.
Please let me know if there is any process to calculate depreciation in the above case
Regards
Srikanth KVS
| | | ---------------Original Message---------------
From: satya srikanth
Sent: Sunday, August 31, 2014 7:43 AM
Subject: Depreciation for Asset Value Appreciation
Dear All
One asset was created on 01.01.2014 for 12000 and ran depreciation up to june
The net book value of that asset as on 01.07.2014 is 6000
In the month of July one small Item was added to the asset value is 3000(not a sub asset)
user want to calculate the depreciation for additional asset for 6 months only. Is there is any process to follow for the said problem>
Please guide me.
Thanks
Srikanth Kvs |
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