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Question from talharahil on Aug 8 at 8:07 AM Hi Experts
Could you please help me to resolve the Below Asset Depreciation issue.
We transferred the Asset Value from an Asset to 70 other Assets belongs to the same class through ABUMN. The Value of the Asset before the transfer was 4,50,000 and we transfered 3140 to each Asset, leaving the Value of the transfered Asset to 3140. but now when the depreciation is posted the other Assets are calculating the correct value as 314 for the dep key Z001= Straight line method with 10% dep. but the transfered Asset value is calculating around 69,000 depreciation although the value of Asset is showing as 3140.
Kindly guide me to tackle this issue ASAP.
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